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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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