More from Morgan Stanely – forecasting S&P towards 3,400

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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/

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