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Morgan Stanley says US investors are pricing in too much optimism in equities

Michael Wilson, Morgan Stanley's chief investment officer, sounding the warning on US stock prices again. Summary points from a client note:Breadth remains weak for S&P 500 and NasdaqAI beneficiaries continue to support US investors are pricing in too much optimism in the stock marketeconomic growth is set to be weaker than expected "At current prices, markets are now expecting a meaningful re-acceleration in growth that we think is unlikely this year, especially for the consumer, which aligns... Read More

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Posted: Sep 5 2023, 23:44

Author Name: forexlive

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