Inflation is the 'one thing' holding up revenue growth, warns Morgan Stanley's Wilson of a potential selloff in stocks

That’s Morgan Stanley’s Mike Wilson, chief U.S. equity strategist, warning investors on Wednesday of the hazards of cheering recently cooler inflation data.

While price pressures have pulled back from peak levels last summer, easing, “especially for goods, is a sign of waning demand,” Wilson said in a new client note, adding that “inflation is the one thing holding up revenue growth for many businesses.” Stock have been moving little this week, despite a pickup in quarterly earnings. The Dow Jones Industrial Average DJIA shed about 80 points on Wednesday, but the S&P 500 and Nasdaq Composite Index COMP were mostly unchanged for a second straight session.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Morgan Stanley stock falls despite earnings beatMorgan Stanley stock fell 1.9% in premarket trades Wednesday after the investment bank reported lower net income and revenue that beat consensus estimates....
Source: MarketWatch - 🏆 3. / 97 Read more »

LIVE STOCK MARKET UPDATES: Morgan Stanley, Ally Financial, Citizens, and other banks report earningsA speech from the NY Fed's John Williams, IBM, and Tesla earnings. More on the ongoing banking crisis and looming recession. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Source: FoxBusiness - 🏆 458. / 53 Read more »

Stocks are in danger with Fed pause already priced in: Morgan StanleyStocks are entering a danger zone as they're already pricing in a Fed pause, top Morgan Stanley strategist says
Source: BusinessInsider - 🏆 729. / 51 Read more »