Morgan Stanley says bulls can keep running through Thanksgiving, but not much longer

Seeking Alpha2021-11-01

Morgan Stanley is going against consensus on earnings again, predicting a bigger earnings growth slowdown than Wall Street is pricing in. "We can’t help but recall our position over a year ago, when ...

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精彩评论

MayTan
2021-11-02
MayTan
Noted. Trade cautiously.
- ngchris:
  Agreed.
Matt_cjx
2021-11-01
Matt_cjx
Like pls
- JennyLim:
  Ok
CPCat
2021-11-01
CPCat
Doesn't sound very good... do they mean take profit by year end, and brace for the fall.
- Vannies88:
  k
Limhockmeng
2021-11-01
Limhockmeng
Wow

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMorgan Stanley says bulls can keep running through Thanksgiving, but not much longer\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-01 21:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3761303-morgan-stanley-says-bulls-can-keep-running-through-thanksgiving-but-not-much-longer><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Morgan Stanley is going against consensus on earnings again, predicting a bigger earnings growth slowdown than Wall Street is pricing in.\n\"We can’t help but recall our position over a year ago, when ...</p>\n\n<a href=\"https://seekingalpha.com/news/3761303-morgan-stanley-says-bulls-can-keep-running-through-thanksgiving-but-not-much-longer\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":".SPX","symbol_name":"S&P 500 Index","start_time":0,"source_url":"https://seekingalpha.com/news/3761303-morgan-stanley-says-bulls-can-keep-running-through-thanksgiving-but-not-much-longer","article_id":"1100819802","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1100819802","pubTimestamp":1635773131,"columns":[],"sourceInfo":null,"weMediaInfo":null,"summary":"Morgan Stanley is going against consensus on earnings again, predicting a bigger earnings growth slo","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯","QQQ":"纳指100ETF",".IXIC":"NASDAQ Composite"},"translate_title":"摩根士丹利说公牛可以在感恩节继续奔跑，但不会持续太久","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"QQQ":0.9},"content_text":"Morgan Stanley is going against consensus on earnings again, predicting a bigger earnings growth slowdown than Wall Street is pricing in.\n\"We can’t help but recall our position over a year ago, when we argued for much faster earnings growth than the consensus,\" equity strategist Mike Wilson writes. \"We argued then that the record fiscal stimulus would effectively serve as a government subsidy for corporations to over-earn.\"\n\"Today, we find ourselves on the direct opposite side of consensus again, but for the same reasons,\" Wilson says. \"Since we believe consensus failed to see that logic last year, it seems plausible it could now be missing the corollary. \"\n\"In short, we think the earnings growth slowdown will be worse and last longer than expected as the payback in demand arrives early next year with a sharp year-over-year decline in personal disposable income.\"\nConsumer sentiment is dropping at the lower end of the income spectrum and personal savings have already been depleted to pre-COVID levels, he adds. (See Morgan Stanley chart at bottom.)\nThe earnings slowdown, combined with Fed tightening and inflation worries, will eventually arrest the market's rise, Wilson says.\nStocks are looking to kick November off on the front foot, though, with S&P futures(SPX) (NYSEARCA:SPY)and Nasdaq 100 futures(NDX:IND)(NASDAQ:QQQ) rising through the morning.\n\"Bottom line, the fundamental picture for stocks is deteriorating as the Fed starts to tighten monetary policy and earnings growth slows further into next year, turning outright negative for some companies,\" Wilson says. \"However, asset prices are continuing to rise as retail investors keep plowing excess cash into these same investments.\"\n\"Meanwhile, with strong seasonal trends and pressure to perform high at this time of year, many institutional investors we speak with are staying fully invested for these technical reasons. If our analysis is correct, we think that this bullish trend can continue into Thanksgiving, but not much longer.\"","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":843178352,"gmtCreate":1635815372011,"gmtModify":1635815372243,"author":{"id":"3573019619191060","authorId":"3573019619191060","name":"MayTan","avatar":"https://static.tigerbbs.com/808e2dbe5d70103ebf181c1496a31644","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3573019619191060","idStr":"3573019619191060"},"htmlText":"Noted. Trade cautiously.","listText":"Noted. Trade cautiously.","text":"Noted. Trade cautiously.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/843178352","repostId":1100819802,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6419315,"gmtCreate":1635817732399,"gmtModify":1635817732490,"authorId":3572005609122539,"author":{"id":3572005609122539,"idStr":"3572005609122539","authorId":3572005609122539,"name":"ngchris","avatar":"https://static.tigerbbs.com/76fa13deb76ef9b61305ed927b5c3290","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":843178352,"type":1,"supId":0,"prevId":0,"content":"Agreed.","text":"Agreed.","html":"Agreed."}],"langContent":"CN"},{"id":849424118,"gmtCreate":1635774625406,"gmtModify":1635774625519,"author":{"id":"3579775660085519","authorId":"3579775660085519","name":"Matt_cjx","avatar":"https://static.tigerbbs.com/caca73862e27552f1ed9c206de3aedd3","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3579775660085519","idStr":"3579775660085519"},"htmlText":"Like pls&nbsp;","listText":"Like pls&nbsp;","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/849424118","repostId":1100819802,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6411900,"gmtCreate":1635774816470,"gmtModify":1635774816571,"authorId":3564644209488014,"author":{"id":3564644209488014,"idStr":"3564644209488014","authorId":3564644209488014,"name":"JennyLim","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":849424118,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"CN"},{"id":849485553,"gmtCreate":1635773935528,"gmtModify":1635773935691,"author":{"id":"3582520228861009","authorId":"3582520228861009","name":"CPCat","avatar":"https://static.tigerbbs.com/3bafaf3d39abfb78a4bedf785310721a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3582520228861009","idStr":"3582520228861009"},"htmlText":"Doesn't sound very good... do they mean take profit by year end, and brace for the fall.","listText":"Doesn't sound very good... do they mean take profit by year end, and brace for the fall.","text":"Doesn't sound very good... do they mean take profit by year end, and brace for the fall.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/849485553","repostId":1100819802,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6411726,"gmtCreate":1635774091175,"gmtModify":1635774091210,"authorId":3582599354430550,"author":{"id":3582599354430550,"idStr":"3582599354430550","authorId":3582599354430550,"name":"Vannies88","avatar":"https://static.tigerbbs.com/d8dcb81eaca7e7ef6fd10117d992e0e6","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":849485553,"type":1,"supId":0,"prevId":0,"content":"k","text":"k","html":"k"}],"langContent":"CN"},{"id":849483153,"gmtCreate":1635773760378,"gmtModify":1635773760493,"author":{"id":"3581900198517383","authorId":"3581900198517383","name":"Limhockmeng","avatar":"https://static.tigerbbs.com/547b3a4e05afddc292cc1e75be64e63f","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3581900198517383","idStr":"3581900198517383"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/849483153","repostId":1100819802,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":52,"commentSize":4,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1100819802"}