Morgan Stanley says stocks are pricing in a 'no landing' scenario. How to play it

  • 📰 CNBC
  • ⏱ Reading Time:
  • 21 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 72%

Breaking News: Markets News

S&P 500 Index,Stock Markets,Investment Strategy

Strategist Michael Wilson said the market is positioning for a 'no landing' scenario given the broader participation seen in the S&P 500 recently.

Forget a "soft landing." Morgan Stanley thinks stocks are positioning for economic growth to stay robust. Strategist Michael Wilson said in a note Monday that the market is positioning for a "no landing" scenario given the broader participation seen in the S & P 500's run to record highs recently. A no landing scenario means the economy will continue chugging along despite higher Federal Reserve rates.

Industrials and materials are up 10% and 8%, respectively. This market broadening outside of technology stocks comes as crude prices reach levels not seen since October. On top of that, the ISM manufacturing PMI reached expansion territory for the first time in more than a year. How to play it Wilson reiterated his overweight stance on energy, noting it has "fundamental and commodity support.

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:

 /  🏆 12. in ZA
 

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

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 sees upside for these senior housing stocks as the U.S. population agesThe firm highlighted a pair of senior housing real estate investment trusts.
Source: CNBC - 🏆 12. / 72 Read more »

These stocks could rally in 'second phase' of bull market, Morgan Stanley Investment Management saysSlimmon advised investors to lean more cyclical, pointing out that the best-performing sectors in March were energy, materials and industrials.
Source: CNBC - 🏆 12. / 72 Read more »