-
Seth Golden posted an update 1 year, 7 months ago
Morgan Stanley’s Mike Wilson:
Morgan Stanley’s Michael Wilson — among the most prominent bearish voices on US equities — warns the rally in tech stocks that’s exceeded 20% isn’t sustainable and that the sector will return to new lows.The Nasdaq 100 has soared into a bull market as investors fled economically-sensitive sectors like banks following the collapse of several US lenders. Wilson said this rotation is taking place partly because tech is being viewed as a traditional defensive sector, though he disagrees with that thesis and sees utilities, staples and health care as having the better risk-reward profile.
Recently Active Members
MarketWatch.com – Top Stories
- ‘I already have my ticket.’ These celebrities want to leave the U.S. with Trump as president November 23, 2024Plenty of celebrities are vowing to move out of the U.S. rather than remain while Trump serves as the 47th president.
- This neglected issue is a workplace productivity and talent retention threat that demands C-suite attention November 23, 2024Eldercare benefits aren’t just a nice perk. They’re essential to solving this $33 billion productivity problem.
- Amazon is beating other retailers on price, but here’s how you can beat Amazon November 23, 2024Bargain hunters are taking advantage of rebate platforms to bring costs down.