Morgan Stanley Wealth Management's chief investment officer Lisa Shalett wrote in a note Monday, "Our view is that the index will be rangebound for the next three to six months," pointing to head winds from "shifting dynamics," as "inflation expectations are rising, yield curves are steepening, and the U.S. dollar is weakening." A mix of those factors, Morgan Stanley estimates, will cap the S&P 500 at around 3,250 while still keeping the index above the 2,650 range due to the unprecedented monetary and fiscal support.
%% Most likely correct for summer. 4th quarter/2020 most likely =up JAN2020up, + election year tends to be up/QQQ most likely = new highs/again/again. Not a prediction+TZA/TWM/SDOW are up today...……………………………………………………………….
It has 90% chance of ending ITM. The guy just want to keep his job by playing safe. “The market is going to be where it’s going to be” Good point mate ! Take Ya fat bOnus, Client’s already luv it !