News Formal

'We were wrong' to write off stocks' AI-fueled rally, Morgan Stanley says

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 51%

South Africa News News

Morgan Stanley says it was wrong to write off stocks – but warns cooling inflation could still kill the rally

By June 2024, his team expects the S&P 500 to fall to 4,200 points – around 8% below the level it traded at as of Monday's closing bell.rather than boost"We believe inflation is now falling even faster than the consensus expects, especially the inflation received by companies," he wrote in Monday's note.

"With price being the main factor that has held sales growth above zero for many companies this year, it would be a material headwind if that pricing power were to roll over."

 

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

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Morgan Stanley says stock picking will matter more in coming weeks so buy these quality stocksMorgan Stanley's Mike Wilson highlighted stocks with high earnings quality as a smart investment play as earnings season rolls on.
Source: CNBC - 🏆 12. / 72 Read more »

One of Wall Street's biggest bears admits 'we were wrong' about 2023 stock-market rally, but refuses to throw in the towelOne of Wall Street’s biggest bears admits ‘we were wrong’ about 2023 stock-market rally, but refuses to throw in the towel
Source: MarketWatch - 🏆 3. / 97 Read more »