Morgan Stanley's Wilson "remains comfortable" with year-end 3900 S&P500 target
<p>Via a note on Monday from Morgan Stanley strategsit Mike Wilson:</p><ul><li>is expecting to see further choppy performance from equities through to the end of the year</li><li>stocks could move lower this week, but while the pullback could be followed by a boun ce he sees the index lower into year end</li><li>“Based on our views on earnings, valuations and policy (both monetary and fiscal), we believe the S&P 500 will have a hard time getting back above what were previously levels of support (i.e., 4300-4400) tactically” </li><li>
“Based on our fundamental and technical analysis, we remain comfortable with our 3900 year-end target”</li></ul>
This article was written by Eamonn Sheridan at www.forexlive.com.
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