News Formal

The bear market rally is running out of stream, and it is time to take profits, says Morgan Stanley’s Wilson

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

The stock market’s bounce off the October lows is running out of room, and it is time to take profits, according to Morgan Stanley's chief equity strategist.

The stock market’s bounce off the October lows is running out of room, and it is time to take profits, according to Morgan Stanley’s Michael Wilson.

The chief equity strategist who correctly predicted this year’s stock-market selloff, now expects the S&P 500 to resume declines from the beginning of the year, after the benchmark last week crossed above its 200-day moving average. Wilson also said in November the S&P 500 will set a new price trough of 3,000 to 3,300 in the first quarter of 2023, before jumping back to the 3,900-level by the end of the year.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 3. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Chinese stocks rally on reopening hopes; Morgan Stanley upgrades to overweightBeijing and Shenzhen announced over the weekend they would lift measures that required commuters to show negative Covid test results before travel. MS the smartest among the US I-Bank. Better late than never.
Bron: CNBC - 🏆 12. / 72 Lees verder »