Top Morgan Stanley strategist doesn't see a major stock market collapse despite recent sell-off
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Morgan Stanley strategist Mike Wilson believes that a major stock market collapse is unlikely despite recent sell-offs. Wilson predicts that the S&P 500 Index will trade in a range between 5,000 to 5,400, with limited upside potential. He attributes this to slowing growth, overly optimistic earnings expectations, and a Federal Reserve that is hesitant to cut interest rates. Wilson advises investors to focus on individual stocks rather than broader indexes, recommending defensive shares and companies with strong fundamentals. He also warns against small-cap stocks and believes the market is in a late-stage cycle. Wilson expects the Fed to loosen policy in September. Despite the recent volatility, Wilson does not believe the market is entering a new bear market.
#MorganStanley #StockMarket #S&p500 #BearMarket #FederalReserve
https://fortune.com/2024/08/14/morgan-stanley-mike-wilson-stock-market/
Fortune /
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2024-08-14 09:34:12
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npub1v7hvaa8pv7g92sr6na55dtzaxmrrsgddxkhst3e8atw4nxusm37sg9v0r4Published at
2024-08-14 09:34:12Event JSON
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"content": "Top Morgan Stanley strategist doesn't see a major stock market collapse despite recent sell-off\n==========\n\nMorgan Stanley strategist Mike Wilson believes that a major stock market collapse is unlikely despite recent sell-offs. Wilson predicts that the S\u0026P 500 Index will trade in a range between 5,000 to 5,400, with limited upside potential. He attributes this to slowing growth, overly optimistic earnings expectations, and a Federal Reserve that is hesitant to cut interest rates. Wilson advises investors to focus on individual stocks rather than broader indexes, recommending defensive shares and companies with strong fundamentals. He also warns against small-cap stocks and believes the market is in a late-stage cycle. Wilson expects the Fed to loosen policy in September. Despite the recent volatility, Wilson does not believe the market is entering a new bear market.\n\n#MorganStanley #StockMarket #S\u0026p500 #BearMarket #FederalReserve\n\nhttps://fortune.com/2024/08/14/morgan-stanley-mike-wilson-stock-market/",
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