Nasdaq Extends Decline, Down 1%, S&P 500 Down 0.35%
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Morgan Stanley Expects Companies to Struggle Beating EPS Estimates at the Same Rate, Says Supply Chain Constraints Not Priced In
October 4, 2021 9:45 AM EDTMorgan Stanley strategist Michael Wilson expects indexes to continue correcting amid the persisting supply chain challenges.
Wilson weighs in on the current market environment as the mid-cycle transition finishes.
This is how most mid cycle transitions endwith the Fire of tightening financial conditions. The only question that remains is how deep the index level correction will be before it is finished.3Q earnings season will likely determine how icy the deceleration in growth gets before things stabilize, the strategist said in a client... More
