S&P 500 Index could slump to the 3000 level – Morgan Stanley SP500 Banks
Economists at Morgan Stranley expect price declines for equities. The S&P 500 Index could fall to the 3000 level.“We are feeling more confident about our 2023 forecast for S&P 500 earnings per share of $195. This remains well below both the bottoms up consensus of $231 and the top down forecasts of $215.”
“We remain decidedly in the 3000 to 3300 camp with a bias toward the low end given our view on earnings.” If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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