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Morgan Stanley on US Stocks - "we are far from out of the woods with this bear market"
Via a Morgan Stanley analyst Michael Wilson note on Monday. Says the fastest Fed policy shift in 40 years drove the sudden failures of Silicon Valley Bank and Signature Bank in March and could bring about further surprises as the Federal Reserve could keep rates higher for longer:“If there is one thing that can throw cold water on the large mega cap rally it’s higher yields due to a Fed that can’t stop hiking”And:“More negative surprises lie ahead for investors”earnings estimates for Q1 have bee...
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Posted: Apr 17 2023, 21:55
Author Name: forexlive
Views: 082055