• Home
  • Ukraine War
  • Economy
  • State of Affair
  • Opinion
  • Video

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

The Whistleblowers | Space Shuttle Challenger Explosion

November 29, 2023

ICYMI: Argentinian President-elect Javier Milei Wears a Kippah and Swears Support for Jews and Israel on Havdalah

November 29, 2023

Biden’s Cognitive Decline ‘Going To Get Worse’ — Ex-WH Doctor

November 29, 2023
Facebook Twitter Instagram
Trending
  • The Whistleblowers | Space Shuttle Challenger Explosion
  • ICYMI: Argentinian President-elect Javier Milei Wears a Kippah and Swears Support for Jews and Israel on Havdalah
  • Biden’s Cognitive Decline ‘Going To Get Worse’ — Ex-WH Doctor
  • The Green Scam: How Electric Vehicles Harm the Environment That They’re Supposed to Save
  • Google Workers Accuse Company Of Hate And Abuse Targeting Palestine Supporters
  • India Clamps Down On Pro-Palestine Support
  • Vivek Ramaswamy Slams Ukraine During the Republican Presidential Debate
  • Palestinian State ‘That Joins The West Bank And Gaza,’ Needed To Ensure Peace – Blinken
Sunday, December 10
Facebook Twitter Instagram
RT NewsRT News
  • Home
  • Ukraine War
  • Economy
  • State of Affair
  • Opinion
  • Video
RT NewsRT News
Home » US Markets are Now in ‘Death Zone’ – Morgan Stanley
Lifestyle

US Markets are Now in ‘Death Zone’ – Morgan Stanley

adminBy adminFebruary 28, 2023Updated:February 28, 2023No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
Share
Facebook Twitter LinkedIn WhatsApp Pinterest Email

US Markets are Now in ‘Death Zone’ – Morgan Stanley

By RT News

The bank’s chief analyst expects the benchmark S&P 500 to slump sharply.

US stocks have soared to unsustainable highs and could crash 26% within months, Morgan Stanley’s top strategist has warned.

In an analyst note the bank’s chief US equity strategist, Mike Wilson, said that the current level of stock valuations could be compared to the “death zone,” a term in mountaineering describing an altitude so high that climbers do not have enough oxygen to breathe.

“Many fatalities in high-altitude mountaineering have been caused by the death zone, either directly through loss of vital functions, or indirectly by wrong decisions made under stress or physical weakening that lead to accidents,” Wilson wrote.

“This is a perfect analogy for where equity investors find themselves today, and quite frankly, where they’ve been many times over the past decade,” he added.

The metaphor indicates the excessive levels that stock prices have climbed to since the start of this year. Wilson suggested the S&P 500 could tumble to 3,000 points within months, down about 26% from current levels, saying that “it’s time to head back to base camp before the next guide down in earnings.”

The grim forecast follows what many analysts have called the worst year for the stock market since the 2008 financial crisis. All three indexes tumbled in 2022 with the Dow Jones Industrial Average ending the year down 8.8% while the S&P 500 sank 19.4% and the Nasdaq Composite plunged 33.1%.

“The bear market rally that began in October from reasonable prices and low expectations has morphed into a speculative frenzy based on a Fed pause/pivot that isn’t coming,” Wilson’s latest note said.

The strategist has repeatedly warned that the market rally won’t last as he expects inflation to prove stickier than many other economists forecast, forcing the US Federal Reserve to hike rates in order to bring soaring prices under control.

Original Source: https://www.rt.com/business/571923-us-stocks-crash-coming/

Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
admin
  • Website

Related Posts

Musk Makes $1 Billion Name-change Offer to Wikipedia

October 24, 2023

How are 21st Century U Members Getting Access to Brand New Properties for Under $50,000 AUD or $32,000 USD that Can Generate $2500 Per Month?

October 10, 2023

Twitter Threatens to Sue Meta Over Threads

July 8, 2023

Twitter is Not a Far-right Platform, But a Place For Voicing All Opinions

June 20, 2023

Russia Moves to Ban Sex Changes

June 16, 2023

Meta Initiates Final Round Of Mass Layoffs

May 26, 2023
Add A Comment

Leave A Reply Cancel Reply

Don't Miss

The Whistleblowers | Space Shuttle Challenger Explosion

By adminNovember 29, 2023

The Whistleblowers | Space Shuttle Challenger Explosion By RT News The Space Shuttle Challenger exploded…

ICYMI: Argentinian President-elect Javier Milei Wears a Kippah and Swears Support for Jews and Israel on Havdalah

November 29, 2023

Biden’s Cognitive Decline ‘Going To Get Worse’ — Ex-WH Doctor

November 29, 2023

The Green Scam: How Electric Vehicles Harm the Environment That They’re Supposed to Save

November 27, 2023
Our Picks

The Whistleblowers | Space Shuttle Challenger Explosion

November 29, 2023

ICYMI: Argentinian President-elect Javier Milei Wears a Kippah and Swears Support for Jews and Israel on Havdalah

November 29, 2023

Biden’s Cognitive Decline ‘Going To Get Worse’ — Ex-WH Doctor

November 29, 2023

The Green Scam: How Electric Vehicles Harm the Environment That They’re Supposed to Save

November 27, 2023

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

About Us
About Us

Your source for the lifestyle news. This demo is crafted specifically to exhibit the use of the theme as a lifestyle site. Visit our main page for more demos.

We're accepting new partnerships right now.

Email Us: info@example.com
Contact: +1-320-0123-451

Our Picks

Nuclear Family: How Ukraine Helped North Korea Develop the World’s Deadliest Weapons

July 2, 2022

Russia Announces $14.5bn Domestic Airline Boost

June 30, 2022

Ukrainian Mayor Blames Shopping Mall Management For Deaths

June 30, 2022

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Instagram
  • Home
  • Ukraine War
  • Economy
  • State of Affair
  • Opinion
  • Video
© 2023 Russia-Ukraine.

Type above and press Enter to search. Press Esc to cancel.