Morgan Stanley’s Wilson Says End of Fed Tightening Nearing

Bloomberg2022-10-31

Indicators suggest Fed pivot sooner rather than later: WilsonStrategist sees S&P 500 rallying to 4,150 points, a 6% advanceMichael WilsonPhotographer: Christopher Goodney/BloombergThe end of the ...

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Comments

Euching
2022-10-31
Euching
Ok
MIe
2022-10-31
MIe
Hurray s & p rally 4000 by end 2022
Monkey123
2022-10-31
Monkey123
Thanks for sharing

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US stocks have rallied over the past two weeks as traders parsed economic indicators for signs of the impact of Fed tightening, even as Big Tech earnings disappointed.“This kind of price action isn’t unusual toward the end of the cycle particularly as the Fed moves closer to the end of its tightening campaign, something we think is approaching,” said Wilson, who was ranked the best portfolio strategist in the latest Institutional Investor survey. The rally will hold up until the next 12-month earnings-per-share estimates pull back more meaningfully, he said.Separately, Goldman Sachs Group Inc. strategists said the potential down shift in the pace of Fed tightening, coupled with light positioning and anticipation of strong fourth-quarter seasonality is behind the lift for equity markets in recent weeks.“In 17 bear-market rallies since 1970, the S&P 500 rose by an average of 15% over 44 days,” strategists led by David Kostin wrote in a note.The Morgan Stanley strategists expect the S&P 500 to rally to 4,150 points, about a 6% gain from Friday’s close, amid their short-term bullish call. They use 3,700 as their trailing stop loss level. Last week, Wilson said the bear market is likely to end sometime in the first quarter.For UBS Global Wealth Management, a Fed pivot is unlikely given the very high level of US inflation.“We expect the Fed to keep hiking aggressively until the official data shows inflation is receding,” strategists led by Mark Haefelewrote in a note. “Even when the Fed finally does stop raising rates, it’s worth remembering that monetary policy is likely to remain at restrictive levels for some time.”","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9982495292,"gmtCreate":1667226331716,"gmtModify":1676537880810,"author":{"id":"3581936330566779","authorId":"3581936330566779","name":"Euching","avatar":"https://static.tigerbbs.com/a76dd04d0bc224457e2b26078b65c7f6","vip":1,"hat":"https://static.tigerbbs.com/f84859c65fc2d7681e28f6b8e9b0535a","crmLevel":4,"crmLevelSwitch":0,"idStr":"3581936330566779","authorIdStr":"3581936330566779"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9982495292","repostId":1149714355,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9982520949,"gmtCreate":1667214143981,"gmtModify":1676537878510,"author":{"id":"3577182936341023","authorId":"3577182936341023","name":"MIe","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":6,"crmLevelSwitch":0,"idStr":"3577182936341023","authorIdStr":"3577182936341023"},"htmlText":"Hurray s &amp; p rally 4000 by end 2022","listText":"Hurray s &amp; p rally 4000 by end 2022","text":"Hurray s & p rally 4000 by end 2022","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9982520949","repostId":1149714355,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9982567168,"gmtCreate":1667214013655,"gmtModify":1676537878453,"author":{"id":"4114352089413372","authorId":"4114352089413372","name":"Monkey123","avatar":"https://community-static.tradeup.com/news/aa75d2c55a839e4d22de6a75746df8f1","vip":1,"crmLevel":4,"crmLevelSwitch":1,"idStr":"4114352089413372","authorIdStr":"4114352089413372"},"htmlText":"Thanks for sharing","listText":"Thanks for sharing","text":"Thanks for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9982567168","repostId":1149714355,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":49,"commentSize":3,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1149714355"}