Morgan Stanley strategist Michael Wilson warned in a Monday note that strong stock gains this year are not indicative of the beginning of a bear market.
TrendMacro Chief Investment Officer Don Luskin provides insight on the debt ceiling debate and the Fed's policies on 'Making Money.'over the past month is likely to fizzle out soon, according to Morgan Stanley.
Michael Wilson, the chief U.S. equity strategist at Morgan Stanley and a longtime Wall Street bear, said in an analyst note on Monday that recent"Is this finally the breakout to confirm a new bull market?" Wilson wrote. "The short answer is no."That is due to a number of "technical signals" that contradict the start of a bear market, including the, lofty valuations, broad cyclical underperformance by regional banks, retailers and transport, Wilson wrote.
In addition, he believes that last week's market movement – in which the S&P surpassed 4,200 points for the first time in more than six months – was indicative of "panic buying." "Rather than a short squeeze, the market was driven by the biggest winners as more market participants convinced themselves the next bull market may have begun and they can't afford to miss it.
Stocks rallied in the first quarter of 2023, and equities seem poised to continue that momentum despite
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
James Gorman steps down as Morgan Stanley CEOMorgan Stanley CEO James Gorman announced he is stepping down from his chief executive position at the bank's annual shareholders meeting this week.
Read more »
Morgan Stanley CEO succession underscores Wall Street's diversity gapWomen were less represented in leadership positions at Morgan Stanley than at other top U.S. banks, data show.
Read more »
Rainn Wilson’s Travel Show Is Sweeter Than It Has Any Right to BePeacock’s 'Rainn Wilson and the Geography of Bliss' follows Wilson as he travels around the world in a search for happiness, visiting the happiest countries and most unhappy to shine a light on what works and what doesn’t. Our beastobsessed review:
Read more »
Owen Wilson's Home Burglary Suspect Put on Actor's Pajamas, Cops SayOwen Wilson's home burglary suspect stole his pajamas after breaking into the actor's home, according to police.
Read more »
Stephanie Ruhle: The day Rainn Wilson shared the secret to happiness.SRuhle: The comedian told me has 'a secret, inner Oprah that’s dying to get out.' And spoiler alert: He’s pretty good at it.
Read more »