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Morgan Stanley: It's too early to be bullish on the market

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2025-10-20 11:42:00
According to Bloomberg analyst Walter Bloomberg, Morgan Stanley's Michael Wilson warned that it was too early to be bullish on the market given trade tensions with the US, weak earnings forecasts and credit pressures. If tensions persist beyond November, the S & P 500 could fall as much as 11 per cent, he said.
Mr. Wilson wants a clearer easing of trade tensions, a more stable earnings-per-share trend and more liquidity before confidence returns, although he expects the market to recover within six to 12 months. John Stoltzforth of Oppenheimer Holdings was also upbeat, noting that S & P 500 earnings have risen 16 per cent so far, beating expectations.
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