US market correction nearing end, Morgan Stanley strategists say
Morgan Stanley said recent earnings and election results could ease market pressure, with 60% of Russell 3000 stocks already down at least 20% since June.
5 Articles
5 Articles
US market correction nearing end, Morgan Stanley strategists say - Regional Media News
Nov 2 (Reuters) - The US market correction that began in June is in its "final innings", Morgan Stanley strategists said on Monday, adding that the November 3 midterm elections should help remove a major market overhang. "We expect near-term clearing events to provide an [...]
US market correction nearing end, Morgan Stanley strategists say
Nov 2 (Reuters) - The US market correction that began in June is in its "final innings", Morgan Stanley strategists said on Monday, adding that the November 3 midterm elections should help remove a major market overhang. "We expect near-term clearing...
As the nervousness rises before the midterms, Morgan Stanley's stock manager Mike Wilson is left behind: the stock market will be the winner.
Positive forecasts have emerged suggesting that the downtrend in the U.S. stock market, which has continued since last June, may soon come to an end. The analysis suggests that the upcoming U.S. midterm elections will alleviate the anxiety weighing down the market, potentially opening up opportunities to increase equity holdings ahead of next year. According to Reuters on the 2nd (local time), an analysis team led by Morgan Stanley’s Chief U.S. …
Coverage Details
Bias Distribution
- 34% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
