Don't be fooled into thinking this year's stock rally is the start of a new bull market, Morgan Stanley's top strategist says
that includes Microsoft, Meta, and Nvidia, which have capitalized on the surge in interest in ChatGPT and artificial intelligence.
"While we believe that AI is for real and will likely lead to some substantial efficiencies that help to fight inflation, it's unlikely to prevent the earnings recession we forecast for this year," he said.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Morgan Stanley warns stock rally is not the start of a bull marketMorgan Stanley strategist Michael Wilson warned in a Monday note that strong stock gains this year are not indicative of the beginning of a bear market.
Leer más »
James Gorman steps down as Morgan Stanley CEOMorgan Stanley CEO James Gorman announced he is stepping down from his chief executive position at the bank's annual shareholders meeting this week.
Leer más »
Morgan Stanley CEO succession underscores Wall Street's diversity gapWomen were less represented in leadership positions at Morgan Stanley than at other top U.S. banks, data show.
Leer más »
Hedge funds piled into these stocks in the first quarterThe hedge fund community bought a slew of stocks with conviction during first quarter's market turmoil, according to Morgan Stanley.
Leer más »