<\/p>\n
Multiple factors suggest the stock market is currently bottoming, according to Dan Skelly, a managing director at Morgan Stanley.<\/p>\n
Skelly says in a new\u00a0CNBC interview<\/a><\/span>\u00a0that the US is currently experiencing a \u201cproductivity boom\u201d that makes the risk\/reward ratio for equities at current valuations look reasonably attractive.<\/p>\n \u201cI don\u2019t want to diminish the conflict going on by any means, but when you think about it, a year ago April we were talking about another big policy snafu, perceived to be at the time, and here we are not thinking about that as much. And so I think, look, at the end of the day, you\u2019re going to go through these challenges day to day, week to week, but the underlying narrative in the US is one of innovation, one of technology, productivity, and one of pretty strong earnings.\u201d\u00a0<\/em><\/p>\n Skelly says Morgan Stanley doesn\u2019t expect a major economic recession.<\/p>\n \u201cPeak to trough, we had a 9% correction in the last several months, and the market, we think, has bottomed. Look, I\u2019m not going to say we don\u2019t retest, but it\u2019s hard to understand what new information the market learns that\u2019s that draconian, when we already know the motive is to have a ceasefire and to move on beyond all this.\u201d<\/em><\/p>\n The S&P 500 is priced at 6,848.26 at time of writing and is up 3.73% in the past five days.<\/p>\n Skelly thinks the market probably troughed at 6,300.<\/p>\n \u201cOne of the other markers for that is that the VIX, the volatility index, has come off substantially off of that 30 level, and usually the volatility has to peak before markets can bottom.\u201d\u00a0 \u00a0\u00a0<\/em><\/p>\n The VIX sits at 19.48 at time of writing.<\/p>\n Follow us on X<\/a>, Facebook<\/a> and Telegram<\/a><\/span><\/em>  <\/p>\n Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" Multiple factors suggest the stock market is currently bottoming, according to Dan Skelly, a managing director at Morgan Stanley. Skelly says in a new\u00a0CNBC interview\u00a0that the US is currently experiencing a \u201cproductivity boom\u201d that makes the risk\/reward ratio for equities at current valuations look reasonably attractive. \u201cI don\u2019t want to diminish the conflict going on […]<\/p>\n","protected":false},"author":2,"featured_media":424305,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-424294","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/424294","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=424294"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/424294\/revisions"}],"predecessor-version":[{"id":424306,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/424294\/revisions\/424306"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/424305"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=424294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=424294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=424294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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