Punch, punch, punch
$Direxion Daily Semiconductor Bear 3x Shares ETF(SOXS.US$ US technology stocks have rebounded since this year. Morgan Stanley and J.P. Morgan Chase are all bearish, believing that they will fall soon.
On Monday, Mike Wilson, chief US stock strategist at Morgan Stanley, said in a report that last week's rebound in technology stocks was unsustainable and that the industry would return to a new low.
On the same day, J.P. Morgan strategist Marko Kolanovic wrote in a report to clients:
The Federal Reserve said it has no intention of cutting interest rates this year, but risk assets have seen an unprecedented rebound. European stock markets are close to historic highs, and the US stock market has recovered its recent losses. We expect risk sentiment to reverse in the next few months, and the market will fall back to last year's low.
On Monday, Mike Wilson, chief US stock strategist at Morgan Stanley, said in a report that last week's rebound in technology stocks was unsustainable and that the industry would return to a new low.
On the same day, J.P. Morgan strategist Marko Kolanovic wrote in a report to clients:
The Federal Reserve said it has no intention of cutting interest rates this year, but risk assets have seen an unprecedented rebound. European stock markets are close to historic highs, and the US stock market has recovered its recent losses. We expect risk sentiment to reverse in the next few months, and the market will fall back to last year's low.
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ElvinLiew OP : I wonder if it will get to 18
5201688 : It will be 15 soon
ElvinLiew OP 5201688 : Didn't I mention it all... it will be until 18...