‘We suspect the first correction since October has begun…but will be contained to 5% or less for the S&P 500 as liquidity remains flush…’ Michael Wilson Michael Wilson, Morgan Stanley’s chief U.S. equity strategist, says the first major stock market pullback since October may be under way.
Wall Street investors, perhaps, shouldn’t need the strategist to determine the current state of the equities, however. Stock markets have traded south in the past several sessions, with the Dow momentarily losing its grip on gains for 2020, as a rapidly spreading virus in China has sparked fears of a global outbreak that could curtail economic expansion in the world’s second-largest economy.
However, Wilson said that the market’s slump is likely to be limited due to a Federal Reserve that has proven quick to provide liquidity to stalled-out markets as well as ultralow interest rates, which currently stand at a 1.50%-1.75% range. The Fed holds a two-day meeting beginning on Tuesday.Wilson said he expected the S&P 500, including defensive names, to continue to outperform emerging market assets and small-caps.
The world should stay away from Trump's America lest they be subject to blackmail and extortion.
It’s not pullback it’s going to be a crash
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »
Källa: MarketWatch - 🏆 3. / 97 Läs mer »