Morgan Stanley Indicates Strong Earnings Are Limiting S&P 500 Losses Amid Geopolitical Risks
Morgan Stanley strategists, led by Michael Wilson, suggest that strong earnings have limited the S&P 500's decline despite geopolitical tensions, such as the failed US-Iran talks and the blockade of the Strait of Hormuz. They note that while the index has fallen less than 10% from its January high, underlying indicators suggest a correction is underway.
Topics: Earnings Iran War Market Correction Morgan Stanley S&P 500 Stock Valuations