There's unlikely to be a sustainable market bottom unless three conditions are met, according to Morgan Stanley. The investment bank reiterated that it expects the low for this bear market to come between 3,000 and 3,400 points for the S & P 500 , its analysts, led by U.S. equity strategist Mike Wilson, wrote in an Oct. 3 note. They added that this forecast "now skews toward the lower end.
Morgan Stanley noted that it takes a long time for the next 12 months earnings per share to fall for the S & P 500, "because it's a very high quality, diversified index and companies are loathe to throw in the towel on the future quarters until they have to." "It appears that more companies are reaching that point where they can't fight it anymore," it added. Stocks are likely headed lower without any change in strategy by the U.S.
SECGov
Don't discredit Joe Biden and the Democrats they have two more years, they'll definitely make it happen. It's only taken 2 years for inflation to be at a 41-year high and gas prices out of control with no end in sight.
Quit posting things that you have to be a pro subscriber to read without putting that in the tweet. It’s getting annoying.
So MS know the future or they are suffering from FOMO.
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