Renowned "Big Short" warns: US stocks may face a double blow

JIN10
2024.08.12 11:28
portai
I'm PortAI, I can summarize articles.

Renowned "Big Short" warns: US stocks may face a double blow. Morgan Stanley strategist Michael Wilson stated that the dual impact of increased economic uncertainty and soft corporate profit forecasts may limit the stock market's upside. Wilson expects the S&P 500 index to fluctuate between 5000 and 5400 points, as macroeconomic data has not provided clear growth signals in the short term. Furthermore, analysts anticipate that the number of downward revisions to profit expectations will exceed the number of upward revisions, intensifying concerns about profit margin resilience. JPMorgan Chase's strategist team also indicated that they foresee a mixed outlook for the stock market in the coming months