A snippet from Morgan Stanley on US equities.

  • Analysts at the firm, who until recently were persistently bearish on stocks, say that investors have now extended out their expectations of the timing of equities weakening into 2024.

Finding it difficult to fully abandon their bearishness it seems.

Also, on oil - MS are bullish energy.


SPX update:

sp 500 ytd 19 September 2023 chart