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Morgan Stanley Says Earnings Shield S&P 500 From Iran War

by The Wealth Advisor Contributor
(Bloomberg) - Accelerating earnings are protecting the S&P 500 from deeper losses and masking a broader pullback in US equities, according to strategists at Morgan Stanley.The team led by Michael Wilson points to resilient earnings and continued economic recovery as reasons the S&P 500 has fallen less than 10% since hitting a record high in January. Beneath the surface, they see evidence that stocks are in the “final phase” of a correction.

Featured

Goldman Sachs With A Reality Check On AI: Fears Of Disruption Will Hang Over Growth Stocks For Years

(Yahoo! Finance) - The spread of artificial intelligence may make finding a great growth stock challenging in the near future.

After Spending $16.5 Million For Logan Paul Pokémon Card, AJ Scaramucci Is Hunting For Dinosaur Fossils

(Yahoo! Finance) - AJ Scaramucci, son of Skybridge Capital founder Anthony Scaramucci, looks to be a chip off the old block.

Event Bets Pose A Problem For Wall Street Firms Looking To Trade

(Bloomberg) - Prediction markets are booming.

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Morgan Stanley Vice Chairman Tom Nides Says He’s Backing Biden

“Most people who raise money in Democratic politics are going to coalesce around Biden if they haven’t already,” Nides said Monday.

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In next recession, Fed needs upfront promises, former staffers say

Two former top staffers at the U.S. Federal Reserve have joined in urging the Fed to say explicitly what it will do if interest rates hit zero again.

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'The End Of The Road': Market Heavyweights Michael Burry And Jeff Gundlach Eye Trouble Ahead For Private Credit

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