Morgan Stanleys Mike Wilson says S&P 500 could tumble toward 3,400 if a true growth scare is on the cards - BitcoinEthereumNews.com
KabuhayanSinabi ni Mike Wilson ng Morgan Stanley na ang S&P 500 ay maaaring bumagsak sa 3,400 kung ang isang tunay na takot sa paglago ay nasa mga card05 / 03 / 2022Balita ng Ethereum ng Bitcoin Morgan Stanleys bearish chief U.S. equity strategist Mike Wilson has some bad news and some good news for investors. On the heels of the worst April for stocks since 1970, Wilson and a team of strategists laid out whats ahead as we enter “the next phase of the bear market,” predicting the S&P 500 indexn SPX,n + 0.48%n is in for more selling. “We think the S&P 500 has minimum downside to 3,800 in the near term and possible as low as 3,460, the 200-week moving average if forward 12 month EPS start to fall on margin and/or recession concerns,” he said, in the note to clients dated Monday. The latter also “lines up with pre-pandemic highs of 3,400, which seems to be where a lot of stocks have already ventured. In many ways, this makes perfect sense from the point of view that the pandemic did not create real value for the economy or most companies, but rather destroyed it,” said Wilson and the team. Basahin: Market ‘not