S&P 500 Index: Bear market rally will likely fail once again – Morgan Stanley
|While equity markets continue to rally, the key to the end of the bear market may be in the fundamentals, Mike Wilson, Chief Investment Officer and Chief US Equity Strategist for Morgan Stanley, reports.
Bear market is not over
“There is plenty of bullish and bearish fodder in the technicals in our view, and one will need to take a view on the fundamentals to decide this bear market for stocks is over.”
“Our view remains the same, the bear market is not over, but we acknowledge that Friday's price action may push out the next leg lower for a few more weeks.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.