Wall Street strategists predict S&P 500 correction phase nearing end
MS Morgan Stanley
$187.56 +0.25%
View chart & analysis → - 1Strategists at RBC Capital Markets, JPMorgan, and Morgan Stanley have informed clients that the recent stock market sell-off may be entering its final stages.
- 2Morgan Stanley's Michael Wilson said the S&P 500 is approaching a downward range of 7100-7300 and entering the last stage of its correction phase.
- 3Lori Calvasina suggested stock prices could stabilize soon, noting that after certain AAII survey levels, an average gain of 11% has followed over the next 12 months.
So what's the key point?
The downward trend in the stock market is almost over. Experts expect stock prices to stabilize soon.
Source Investing.com · View original ↗
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