FINSUM + Magnifi: “Raging” Rally is Starting says Morgan Stanley

(February 2021)

According to both Morgan Stanley and Goldman Sachs, last week’s retail-driven chaos was nothing but a blip on the bull market radar. After a significant pullback last week (perhaps more significant psychologically than in pure price action), Morgan Stanley says a “raging” rally is starting. Like Goldman Sachs, who is now calling for a 16% gain in the S&P 500 this year, Morgan Stanley thinks the market is going to continue on a strong upward trend. The banks contend that the underlying economy has a lot of upside and thus markets are going to have a nice economic and earnings tailwind behind them.

Source: fnlondon.com


(New York)


FINSUM + Magnifi: We tend to agree with this view. Now that the retail madness from last week is behind us, it feels like a fresh start with a lot of upside (including a fresh round of stimulus).



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