Morgan S's Wilson doesn't think the US stock market will completely collapse
2024/8/14 6:47 JST (some excerpts)
Will the S&P 500 stocks fit in the 5000 to 5400 range - speech on BTV
Traders are still nervous due to the sharp drop last week, so I recommend buying defensive stocks
According to Morgan Stanley strategist Mike Wilson, although there is a high possibility that the upper price of the US stock market will be suppressed during the rest of this quarter due to seasonal softness and uncertain growth forecasts, it is unlikely that it will fall in earnest.
Mr. Wilson, who had accurately predicted the recent fall in US stocks in July, pointed out that traders are still nervous in response to last week's sharp drop, and a major crash is unlikely to occur. This subtle view contrasts with the bold bearish predictions that made Mr. Wilson famous in recent years, but he saw that there was almost no room for growth in the S&P 500 stock price index, and predicted that the index would fit in the 5000 to 5400 range. The lower end of the range has fallen by about 7% compared to the level on the 13th, which means that the upper limit remains almost flat.
Will the S&P 500 stocks fit in the 5000 to 5400 range - speech on BTV
Traders are still nervous due to the sharp drop last week, so I recommend buying defensive stocks
According to Morgan Stanley strategist Mike Wilson, although there is a high possibility that the upper price of the US stock market will be suppressed during the rest of this quarter due to seasonal softness and uncertain growth forecasts, it is unlikely that it will fall in earnest.
Mr. Wilson, who had accurately predicted the recent fall in US stocks in July, pointed out that traders are still nervous in response to last week's sharp drop, and a major crash is unlikely to occur. This subtle view contrasts with the bold bearish predictions that made Mr. Wilson famous in recent years, but he saw that there was almost no room for growth in the S&P 500 stock price index, and predicted that the index would fit in the 5000 to 5400 range. The lower end of the range has fallen by about 7% compared to the level on the 13th, which means that the upper limit remains almost flat.
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