More from Morgan Stanely – forecasting S&P towards 3,400
May 17, 2022 2022-05-17 0:03More from Morgan Stanely – forecasting S&P towards 3,400
More from Morgan Stanely – forecasting S&P towards 3,400
Morgan Staley on the euro:
Morgan Stanley are forecasting EUR/USD to 1.03, warn of an overshoot to parity
Adding in this snippet from them on US equities, this in (very) brief. MS have 3 points on where we are at:
valuations are now more attractive
equity markets so oversold
rates potentially stabilizing below 3%
And conclude:
stocks appear to have begun another material bear market rally
What’s next:
After that, we remain confident that lower prices are still ahead
close to 3,400
Source:https://www.forexlive.com/news/more-from-morgan-stanely-forecasting-sp-towards-3400-20220516/