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Money Morgan Stanley expert expects a ten percent sell-off on the markets

04:40  10 august  2020
04:40  10 august  2020 Source:   finanzen.net

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Morgan Stanley leadership is dedicated to conducting first-class business in a first-class way. Our board of directors and senior executives hold the belief that capital can and should benefit all of society. Perspectives on the forces shaping markets .

Morgan Stanley strategist who nailed the sell - off sees stocks struggling again next year. "The recent strong run of growth we have seen in earnings may have lulled the market into complacency on Among the several reasons Wilson cited as reasons to expect a slowdown in earnings growth is

Mike Wilson of Morgan Stanley expects that the recovery phase of the stock markets will be followed by another crash. But then the markets could benefit.

DANIEL ROLAND/AFP/Getty Images © Provided by Finanz.net GmbH DANIEL ROLAND / AFP / Getty Images

• Short-term slump, followed by long-term profits

• Software company overrated as crisis winner

• March lows already predicted

Short-term price slump expected

Michael Wilson, chief strategist for US Stocks at Morgan Stanley , believes the narrow range of winners in the stock market will result in a 10 percent plunge before rebounding, MarketWatch reports. Wilson and colleagues anticipate that a number of risks that have built up during the unrestrained uptrend in markets will need to be resolved. These include the rising number of COVID-19 cases, the uncertain outcome of the US presidential election in November and the almost uncontrolled state spending by the US government. Otherwise, the current technology winners would crash along with the rest of the market.

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The stock market sell - off is only going to get worse, predicts Morgan Stanley 's chief U.S. equity strategist, Mike Wilson. In a note to clients Monday, he "We continue to believe we are in the midst of a rolling bear market across all global risk assets caused by a drain in liquidity and peaking growth

At Morgan Stanley , we lead with exceptional ideas. Across all our businesses, we offer keen insight on today's most critical issues. It's a valid concern, but it's something we expect to play out in a nuanced way over the medium term and focused on specific sectors of the global economy, as opposed to a

However, the experts are most likely to expect the US markets to collapse by ten percent, after which a recovery phase will follow. Thus, the bull market will continue and expand. This could lead to a surprisingly strong recovery in the economy and earnings, which will begin at the end of the year and drag on into 2021, according to the analyst report.

Price slump in software companies is only a matter of time

In the podcast of the US bank, "Thoughts on the Market", Mike Wilson stated at the end of July that the expectations and valuations for software stocks were set higher than in any other industry. Companies like Oracle , IBM or Microsoft stand for values ​​that investors long for in the Corona crisis. In spite of the pandemic, technology companies can grow quickly and are generally more resilient. Compared to other industrial sectors, software manufacturers usually also offer teleworking. According to Wilson, however, the top ratings from software companies have been going on for too long. Although they benefit from price increases, downturns would follow again in the future. Morgan Stanley has already downgraded the sector, although he cannot determine the timing.

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Investment bank Morgan Stanley recently reviewed the defense sector stocks under its coverage, and using TipRanks’ Stock Comparison tool, we lined up 3 of the tickers alongside each other to get the lowdown. The word on the Street is that the outlook appears rosy for two

Morgan Stanley 's thesis is tied back to last week's spike in US bond yields, which has given rise to a broad sell - off across global stock markets . As rates rise and yields climb, that economic growth will be slowed and serious pressure will be placed on the future earnings of market leaders.

High accuracy in price movements during the Corona crisis

So far, the predictions by Wilson and his team have not always been correct, but the analysts predicted a low in the markets on March 16. Just a week later, on March 23rd, the S&P 500 hit its latest low of 2,237 points. At that point, they stated that the Corona crisis and the fall of the oil price would have been exactly the drops that would have overflowed the barrel and brought the economy to fall. Wilson also issued a buy recommendation during price falls in May. Here, too, the expert was right: the stock markets have posted gains for four consecutive months since March. Finanzen.net

machine exports collapse .
© Daniel Karmann / dpa An exposed steam turbine is for maintenance in the Siemens plant for steam turbine service in Nuremberg (Bavaria). The corona crisis hits the export business of German mechanical engineering hard. In the second quarter, exports slumped by 22.9 percent to 35.2 billion euros compared to the same period last year, as the industry association VDMA announced on Tuesday in Frankfurt. In the first quarter there was a slight minus of 5 percent.

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