Morgan Stanley on the end of the S&P500 bear market: "We respectfully disagree "Remarks on Monday from a Morgan Stanley note to clients:
- "With the S&P 500
rally now crossing the 20% threshold, more are declaring the bear market officially over - We respectfully disagree due to our 2023 earnings forecast.
- Ironically, a Fed pause may awaken the bear tactically just as liquidity headwinds ramp up."
Morgan Stanley have low expectations for 2023 earnings and see this flowing into equity pricing.
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: Morgan Stanley on the end of the S&P500 bear market: "We respectfully disagree " (https://www.forexlive.com/news/morgan-stanley-on-the-end-of-the-sp500-bear-market-we-respectfully-disagree-20230612/)
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