Wall Street Analysts Say That Timing The Market Bottom Now Is a Bad Idea


“Becoming more optimistic in the current highly uncertain environment does make the markets more vulnerable to negative news,” Draho, the head of Americas asset allocations at the Swiss bank, said.

Morgan Stanley’s Mike Wilson has cautioned investors not to bet on a rate-hike pause in the upcoming months. The bank’s CIO noted that July’s strong labor market report — which showed the US adding 528,000 jobs — would be a motivation for the Fed to continue tightening aggressively.

“While inflation appears to be peaking, it’s not likely to come off at a pace fast enough to spur the type of sustained Fed pause the equity market is already discounting,” Wilson said in a recent research note.

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