{"id":30958,"date":"2022-05-31T19:50:08","date_gmt":"2022-05-31T19:50:08","guid":{"rendered":"https:\/\/harchi90.com\/morgan-stanley-warns-stock-market-rally-will-likely-be-short-lived\/"},"modified":"2022-05-31T19:50:08","modified_gmt":"2022-05-31T19:50:08","slug":"morgan-stanley-warns-stock-market-rally-will-likely-be-short-lived","status":"publish","type":"post","link":"https:\/\/harchi90.com\/morgan-stanley-warns-stock-market-rally-will-likely-be-short-lived\/","title":{"rendered":"Morgan Stanley warns stock market rally will likely be short lived"},"content":{"rendered":"
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UBS Managing Director and Senior Portfolio Manager Jason Katz, weighs in on what he believes is behind the ‘last leg of volatility.’<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
The stock market<\/u> briefly bounced back last week from a widespread selloff that began earlier this month, but equities are likely to see further losses as sky-high inflation and an increasingly hawkish Federal Reserve continue to pose risks to the economic outlook.<\/p>\n
That’s according to Morgan Stanley analysts, who said in a note that the relief rally in the stock market has limited scope to go much further until the risks begin to fade. <\/p>\n
INFLATION SOARS 8.3% IN APRIL, HOVERING NEAR 40-YEAR HIGH<\/u><\/strong><\/p>\n
“Last week’s strength will prove to be another bear market rally in the end,” the strategists, led by Michael Wilson, wrote in the note. “The key fundamental call we are focused on now is slowing growth, and our view that earnings estimates are too high.”<\/p>\n
Wilson sees the S&P 500 climbing to a maximum of 4,300 points in the current rally – up 10% from one week ago, when the index closed just above a bear-market threshold, and up 3.4% from Friday’s close.<\/p>\n