1 month ago | By Business Insider
Traders work on the floor of the New York Stock Exchange in New York, U.S., March 18, 2020.
Lucas Jackson/Reuters
"We must acknowledge that the 'risk reward' of the US equity market has deteriorated materially and the market is ripe for a drawdown," said Morgan Stanley's Mike Wilson. The chief investment officer and chief US equity strategist laid out 3 catalysts that could spark a drawdown in the stock market in a Monday note to clients. The catalysts include the Georgia Senate run-off election, softer guidance than expected during fourth quarter earnings season, and some kind of...
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1 month ago | By Business Insider
Summary List Placement In 2020, investors witnessed a historic bifurcation in markets, when both equities and bond prices soared, thanks to trillions of dollars in financial stimulus to power economies through hard-hitting recessions triggered by the coronavirus crisis.
Last year saw stock markets hit record-highs, driven for the most part by gains in those companies that benefited from the so-called "stay at home economy", such as online marketplace Amazon, video conference service Zoom, or even electric vehicle maker Tesla.
Now the task for last year's winners is to cement those gains...
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1 month ago | By Business Insider
Summary List Placement
"We must acknowledge that the 'risk reward' of the US equity market has deteriorated materially and the market is ripe for a drawdown," said Morgan Stanley's Mike Wilson.
The chief investment officer and chief US equity strategist laid out 3 catalysts that could spark a drawdown in the stock market in a Monday note to clients.
The catalysts include the Georgia Senate run-off election, softer guidance than expected during fourth quarter earnings season, and some kind of intervention by regulators to quash the exuberance in cryptocurrencies.
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