Stock rally isn't a new bull market, Morgan Stanley's Mike Wilson says

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Don't be fooled into thinking this year's stock rally is the start of a new bull market, Morgan Stanley's top strategist says

that includes Microsoft, Meta, and Nvidia, which have capitalized on the surge in interest in ChatGPT and artificial intelligence.

"While we believe that AI is for real and will likely lead to some substantial efficiencies that help to fight inflation, it's unlikely to prevent the earnings recession we forecast for this year," he said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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 warns stock rally is not the start of a bull marketMorgan Stanley strategist Michael Wilson warned in a Monday note that strong stock gains this year are not indicative of the beginning of a bear market.
Source: FoxBusiness - 🏆 458. / 53 Read more »

Hedge funds piled into these stocks in the first quarterThe hedge fund community bought a slew of stocks with conviction during first quarter's market turmoil, according to Morgan Stanley.
Source: CNBC - 🏆 12. / 72 Read more »