Bullish signals flashing! Is the US stock market welcoming a big rebound? Morgan Stanley pours cold water: don't be too optimistic, the foundation of the rebound is not stable.
According to the Wisdom Financial APP, due to concerns about the global trade war, the S&P 500 index has fallen by nearly 19% since its peak in February. As the US government began trade negotiations with partners, the index has now recouped about half of its losses. After China and the US agreed to temporarily reduce tariffs on each other's products, the S&P 500 index futures surged on Monday, with risk assets rising. In this context, various market breadth indicators indicate that investors' confidence in companies of all sizes is increasing. However, Morgan Stanley analyst Michael Wilson believes it is too early to sound the all-clear signal, as the US stock market has not fully escaped its troubles.
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