Morgan Stanley’s Chief Investment Officer and Chief Us Equity Strategist, Mike Wilson, gives a warning for the stock market.
Wilson out In a CNBC interview, it is unlikely that the rally of the stock market that is currently experienced will last a long time.
“It will remain volatile until the end of the second quarter. So whatever rally we get now, we think that probably fades in the win in the win in May and June, and it will probably make a more sustainable low later in the year.”
According to Wilson, fundamental factors are lowering the stock market.
“At the end of the day, I mean that everyone is now talking about rates. But the reason that the markets are lower over the past three or four months, has nothing to do with rates. It is mainly to do with the fact that Winstrevisies died, the Fed has stopped cutting the cutting prizes. The last part that people at the end really made a bit of bearish.”
The Chief Investment Officer of Morgan Stanley also says that President Donald Trump’s supposed nonchalance has had a negative impact on the stock market.
“And I would say that the thing that the S&P had really let go at the end was when it became clear that the [U.S.] President does not care about the stock market, at least for the time being. And that, you know, the lack of a Trump well was like real new news for people. “
The S&P 500 has fallen approximately 6% compared to the all time of 6,147 points reached on February 19.
https://www.youtube.com/watch?v=V440-XYA3WA
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