Some investors believe stocks have further to fall before they become attractive. Analysts at Morgan Stanley on Friday urged clients to sell into equity rallies as “a tightening Fed historically brings lower returns and great uncertainty for equities” and wrote that the S&P 500’s fair value is closer to 4,000. The benchmark index on Friday rose around 0.5% to 4,500.
NEW YORK: Wild swings in stocks and a sharp run-up in government bond yields are putting the spotlight on this week’s U.S. inflation data, as investors brace for more volatility across assets.
A turbulent week in markets ended with a surge in Treasury yields to their highest level in more than two years after surprisingly strong U.S. jobs data stoked expectations of a more hawkish Federal Reserve.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
