Wall Street strategists sound gloomy note as stocks drop again

After a rocky week for U.S. stocks, a number of Wall Street strategists are pointing to reasons for further caution as investors face tightening monetary policy, corporate earnings, seasonal weakness and other factors that could spell more trouble for equities.

Among those sounding caution was Morgan Stanley’s Michael Wilson, who in a report on Monday pointed to rising valuations for defensive stocks and slowing margin expansion as fresh warning signs for investors. Meanwhile, Citi’s Matt King noted that reserves at the Federal Reserve fell by $460-billion last week, the single biggest weekly drop on record.

Meanwhile, most investors expect the Fed to announce a half-percentage-point interest rate increase at the end of its policy meeting next week, though many worry that markets have not priced in the full scope of the U.S. central bank’s potential hawkishness, as policy-makers battle the worst inflation in about 40 years.

Guys rate my nude photos)

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

Bruised Wall Street faces gauntlet of worries after market tumbleBattered U.S. stocks are facing a potentially painful stretch in the weeks ahead
Source: globeandmail - 🏆 5. / 92 Read more »

Bruised Wall Street faces gauntlet of worries after market tumbleChief among market participants’ worries is a Fed that has repeatedly ratcheted up its hawkish rhetoric as it gears up to fight the worst U.S. inflation in nearly 40 years
Source: globeandmail - 🏆 5. / 92 Read more »