Morgan Stanley flags possible end of US stock market selloff
FROM THE WIRE · FINANCE.YAHOO.COM
This article first appeared on GuruFocus. Morgan Stanley (NYSE:MS) says the U.S. stock-market selloff that began in June may be close to ending, with the November 3 midterm elections potentially removing one of the biggest sources of near-term uncertainty. Warning! GuruFocus has…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA strategist sees a possible final S&P 500 decline toward 7,100-7,200 before stabilisation.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Chief U.S. equity strategist Mike Wilson sees the June selloff nearing its end.
- 02About 60% of Russell 3000 stocks have fallen at least 20% since June.
- 03Wilson believes the S&P 500 could still fall toward 7,100-7,200.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets