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News — morgan stanley

Morgan Stanley Warns Business Conditions are Deteriorating Rapidly

Posted by Metals Corporate on

By John McDonald American businesses are in greater peril now than they have been since the 2008 financial crisis, and things could get even worse. According to Morgan Stanley’s proprietary Business Conditions Index (MSBCI), the U.S. business market experienced its sharpest collapse on record last month, indicating an economic slowdown could be heading our way. So far in June, the index has fallen 32 points, to level 13 this month from level 45 in May. Not since December 2008 has the index measured so low. “The decline shows a sharp deterioration in sentiment this month that was broad-based across sectors,”...

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Morgan Stanley’s Market Bear Forecasts a Grim 2019

Posted by Metals Corporate on

By John McDonald The man widely considered to be “Wall Street’s most bearish analyst” says 2019 is shaping up just as he predicted, and that means big risks for investors in the markets. Morgan Stanley chief investment officer Mike Wilson recently described the U.S. economy as “running on fumes,” despite recent upward surges in the stock market. “The macro and microeconomic data continue to deteriorate,” Wilson wrote, citing soft jobs numbers, soft retail earnings, and overall soft metrics. He added investors counting on the Fed to lower interest rates and keep the economic cycle spiraling upward are making a mistake....

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