Wall Street bears warn, economic deceleration is a risk to stock prices - stay cautious
August 6, 2024 1:59 JST
Last week's data “questions the way we look at soft landings” - Wilson
Doesn't seem like the expected “recovery” - Mateika
Last week's data “questions the way we look at soft landings” - Wilson
Doesn't seem like the expected “recovery” - Mateika
In response to the sharp drop in US stocks, some of Wall Street's leading bearers feel that legitimacy has been proven, and they are further strengthening warnings about risks due to economic deceleration.
Morgan Stanley's Michael Wilson, who stood out for his pessimistic predictions until last year, pointed out that investors are leaning towards a bleak view of economic growth. I wrote in the report that last week's data “raised questions about how to look at soft landing (soft landing)” that some market participants had.
“In short, private consumption has weakened since the beginning of this year,” Wilson explained. “The stock risk reward situation continues to be generally unfavorable. At this stage, it is difficult to argue that many stocks are undervalued if revisions to earnings forecasts do not improve in a definitive form,” he said.
Morgan Stanley's Michael Wilson, who stood out for his pessimistic predictions until last year, pointed out that investors are leaning towards a bleak view of economic growth. I wrote in the report that last week's data “raised questions about how to look at soft landing (soft landing)” that some market participants had.
“In short, private consumption has weakened since the beginning of this year,” Wilson explained. “The stock risk reward situation continues to be generally unfavorable. At this stage, it is difficult to argue that many stocks are undervalued if revisions to earnings forecasts do not improve in a definitive form,” he said.
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