In One Chart: Favor bonds as stocks look expensive amid Wall Street’s ‘timid approach’ to earnings revisions, says Morgan Stanley

In One Chart: Favor bonds as stocks look expensive amid Wall Street’s ‘timid approach’ to earnings revisions, says Morgan Stanley

Upworthy

Published

Wall Street’s “timid approach to earnings revisions sets up risks” for the U.S. stock market, which already is expensive, according to the chief investment officer of Morgan Stanley’s wealth-management business. The consensus earnings forecast for the S&P 500 in 2023 has fallen to $230 a share,…

#morganstanley #stanleywealth #shalett #timidapproach #morgan #stanley #lisashalett #consensus #forecast #wrote

Full Article