- Mike Wilson of Morgan Stanley says the market shrinkage This is not primarily due to the customs tariff, but rather to the low profit reviews, the strict immigration policies, and the federal reserve position, as investors were negatively interacting with the clear indifference of President Trump towards stock performance. Some, like Blackrock CEO Larry Fink, see to decline as a opportunity to buy.
While President Trump The constantly advanced tariff policy Morgan Stanley, chief investment official in Morgan Stanley, Mike Wilson, does not help them not the root cause of economic uncertainty.
Wilson said that what really causes analysts and economists stop is the realization of the White House “does not care” in the stock market.
Before inaugurated, the stock market was one President Trump’s favorite conversation pointsAnd often attributed the gains made in 2024 to confidence in his victory in the elections.
He speaks after he won the oval office, the speech continued. For example, in early January, he told reporters: “Since my election, the stock market recorded records. The S&P 500 has finished 6000 points for the first time ever, and has never been closed.”
However, in recent weeks with criticism of the tariff plan that accumulates, President Trump has been less relative to market health – even in recognition that it would be “a little turmoil, but we are well with that.”
Certainly, Wall Street is not fine Correction From its peak in November last year, with GDP expectations are reviewed And inflation numbers that collide.
Talk to Fast money for CNBC, Wilson explained: “Everyone talks about the customs tariff at the present time, but the reason is that the markets are less over the past three months or four months that have nothing to do with definitions,” Wilson explained.
“It is mostly related to the fact that the profit reviews have erupted, the federal reserve stopped the prices of nets, and you have a tougher application of migration, you have Doug. All these things are negative growth. Then the tariff is the last piece that … made people really eventually eventually.”
But the landmark investment officer usually added: “I would like to say that the thing that made the S&P decrease in the end is when it became clear that the president does not care about the stock market, at least at the present time. This lack of Trump was really new news for people.”
Wilson’s Take is far from the initial rejoicing of Lol Street about Trump’s election, when JPMorgan CEO Jimmy Damon said that bankers would be “dancing in the street” because they knew that the politician who is friendly to business regulations would be in the oval office.
The recently revised Wilson decision by the head of the American Investment Strategy at Jpmorgan Private Bank, Jake Manokian.
in Exclusive interview with luck Earlier this month, Manokian said: “Until now, the first 50 days of Trump is the opposite of what the expectations were in November, December, that was at a time when the S&P 500 index was traded at 22 times to the front P/E multiple, and bread in a lot of enthusiasm about accelerating companies’ profits and restoring the capital market activity.
“It is the meeting between the expectations and the reality that must be reorganized, and this shows itself through the sale in the S&P 500 that was focused in some of the most popular names,”.
Purchase
Whether the stagnation in the market depends the opportunity or not depends on who you ask. Among those who are more upward in America, the answer is “yes” is clear: they see the correction as a discount.
Blackrock CEO Larry Fink, for example, He said that he will benefit from the decrease in stock prices. Trade Minister Howard Lootnick was Hawking “Cheap” Tesla shares.
Unusually for Lilson, who often mistakes besides caution, he also saw that the correction is an opportunity to buy.
“The only thing we felt this week is that” Mag 7 “or” Fateful 8 “reviews started to go out a little.” “The other trade we called this week was that the United States> could have a relative return against Europe because with the passage of the second quarter profits at the present time with the weakest dollar, this will be a opposite wind for Europe’s profits and in fact with some big names in the United States.”
This story was originally shown on Fortune.com
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