HomeFinancial MarketsMorgan Stanley and Goldman Sachs at Odds Over Market Outlook

Morgan Stanley and Goldman Sachs at Odds Over Market Outlook

Morgan Stanley and Goldman Sachs, two of Wall Street’s largest investment firms, have expressed conflicting outlooks on the New York stock market following a three-week slump. Experts are still at odds with one another over

Michael Wilson of Morgan Stanley exhibited a cautious approach, claiming that economic sentiment can further weaken and that stock investors have so far been too optimistic about a soft landing. “It’s fair to say that we just don’t know the answer to the question, yet, in terms of a soft landing outcome and an associated rebound in pricing power,” Wilson explained, referring to how cooling inflation has suppressed businesses’ abilities to raise prices.

Goldman Sachs’ David Kostin, on the other hand, believes that investors can afford to increase market exposure. While Goldman Sachs’ equity sentiment indicator dropped for the first time since December, Kostin is of the opinion that this is a temporary dropoff, with mutual funds, hedge funds, and retail traders poised to become more bullish with their decision-making as economic conditions improve.

Marriott Projects Revenue Growth Amid Resilient Travel Demand

Marriott International forecasted on Wednesday that 3% to 6% growth in its annualized global revenue per available room for the two years ending 2025 as the...

Dollar and Stocks Steady as Bonds Ease From Record Highs

The U.S. dollar and stocks in New York stabilized on Wednesday, while U.S. Treasury Yields retreated from their 16-year high, easing pressure on the...

New Home Sales Plummet in August

Sales of new U.S. single-family homes plunged in August as the 30-year mortgage rate rose past 7%, thereby discouraging would-be buyers. According to data...