Michael Wilson, chief U.S. equity strategist at Morgan Stanley, is warning that stocks are currently on the expensive side, with the risk-to-reward for equities “very poor” as he expects the S&P 500 index to tumble by 25 percent from current levels. Wilson equated the current stock market valuations to a “death zone” in a note…
US Equity Valuations At ‘Death Zone,’ S&P 500 Might Fall By 25 Percent: Morgan Stanley Strategist
February 21, 2023
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US Stock Market Soars After Inflation Data Cooler Than Expected
December 13, 2022
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The U.S. stock market jumped on Tuesday as the Consumer Price Index (CPI) data came in lower than expected, boosting investor expectations that inflation might ease down in the near future. The 12-month CPI for November came in at 7.1 percent, down from 7.7 percent in October. It was the fifth straight monthly decline after…
How Stocks Tend to Perform If Midterm Elections Lead to Divided Government
November 8, 2022
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The U.S. midterm elections are not only an event that decides the fate of political power in Congress but also something that affects the stock markets. In a note to clients, Jim Reid, a markets strategist at Deutsche Bank, pointed out that midterm elections are one of the “best historical buy signals for equities,” according…
Wall Street Futures Drop in Early Trading on June 22, Investors Fear Looming Recession
June 22, 2022
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The Dow Jones Industrial Average and S&P 500 futures were in the red during early trading on June 22 ahead of Federal Reserve Chairman Jerome Powell’s congressional testimony. Dow Jones Industrial Average futures were trading at 30,167 as of 8:06 a.m. Eastern time on June 22, down over 300 points after opening at 30,495. Meanwhile,…
Chances of US Recession at 85 Percent, S&P Has Fallen 20 Percent From High in 2022: JP Morgan
Analysts at JP Morgan have predicted an 85 percent chance that the United States will enter a period of recession based on the decline in the S&P 500. During the past 11 recessions, the S&P 500 declined by an average of 26 percent. In the current year, the index has fallen 20 percent from its…
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