Published on 27 Oct 2022 on TipRanks via Yahoo Finance
‘S&P 500 Could See More Relief’: Morgan Stanley Suggests 2 Stocks to Buy
For most of this year, the bears have been out in force – the S&P hit a 52-week intraday low on October 12, when the index dipped below 3,500. Since then, we seen something of a rally, and the index is up 7%. The question now is, will the rally hold or do the markets have more room to fall?
There may be no simple answer to that one. Inflation remains far too high, despite the Fed’s rapid shift toward increasing interest rates. Most pundits see the central bank continuing with rate hikes into the first quarter of next year, which may rein in the rate of inflation but may also tip the economy into recession.