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Wilson, Kostin Both Cautious As Wall Street Wavers
Any recovery for US equities -- which last week sank into correction territory before recovering some lost ground over the ensuing two sessions -- isn't likely to lead to new record highs. Not yet.
That's according to Morgan Stanley's Mike Wilson, who on Monday reiterated that the growth-friendly aspects of Donald Trump's policy platform may be a second-half story, leaving H1 to the vagaries of the trade war and Elon Musk's federal payrolls purge.
Somewhat amusingly, Wilson said Trump's explic
The CNN Fear and Greed Index hit a multi-year low of 14 on March 10th. It seems to be on the rebound for now. I noticed a distinct absence of tariff talk from the Orange Wrecking Ball over the weekend, so it could be that he is paying attention to the stock market after all (at least for now).
H-Man, the Joe blow consumer has been rode hard and put away wet. That does not appear to be ending any time soon.