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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

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

(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.

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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We often know what our weaknesses are. And in case we don’t, Dalio, worth over $20 billion, suggests taking daily feedback from colleagues.

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Gemmer isn’t trying to compete with the giants of the industry or conquer the world. Instead, they’re focused on working with advisors just like them.

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FundFocus

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