Expect the stock market to be driven ‘more by earnings than the macro,’ says Morgan Stanley’s Wilson

Expect the stock market to be driven ‘more by earnings than the macro,’ says Morgan Stanley’s Wilson

Earnings season will be a key test for the stock market after the S&P 500 last week closed out its worst half-year performance since 1970, said strategists from Morgan Stanley. The direction of stocks going forward will be mostly tied to second-quarter earnings as interest rate hikes and surging inflation reflect the growth slowdown more … Read more

What’s next for stock market as Federal Reserve moves toward ‘peak hawkishness’

What’s next for stock market as Federal Reserve moves toward ‘peak hawkishness’

Investors will watch for another gauge of US inflation in the week ahead after the stock market was rattled by the Federal Reserve ramping up its hawkish tone and suggesting large interest rate hikes are coming to get an overheating economy under control. “We’re probably seeing peak hawkishness right now,” said James Solloway, chief market … Read more