STOCK MARKET: Morgan Stanley says economy is on ‘recession watch’
Renewed trade tensions and a slump in economic data put U.S. profits and economic growth at risk, Morgan Stanley warned Tuesday.
S E E D E D C O N T E N T
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The stock market and economic outlook in the United States are “deteriorating,” according to an analysis from one of Wall Street’s top investment banks.
Renewed trade tensions and a slump in economic data — ranging from falling durable goods and capital spending to a downshift in the services sector — has put U.S. profits and economic growth at risk, Morgan Stanley warned Tuesday.
“Recent data points suggest US earnings and economic risk is greater than most investors may think,” wrote Michael Wilson, the firm’s chief U.S. equity strategist.
Related: 3/2/2019: Trump doubles down: ‘Trade wars are good, and easy to win’
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Specifically, the stock strategist highlighted a recent survey from financial data firm IHS Markit that showed manufacturing activity fell to a nine-year low in May.
That report also revealed a “notable slowdown” in the U.S. services sector, a key area for an American economy characterized by huge job gains in health care and business services
Wait! What about all those "beautiful" manufacturing jobs that trmp was going to create?
Depends on which "Report" you look at !
Some say it's great....other's say it's not.
It's only "The Media" though. They're all over the place, depending on who they like or dislike, and whom you choose to believe !
According to Forbes .....Manufacturing jobs were Growing at a 714% clip in January 2019.
Ya just can't find that kinda stuff on the likes of MSNBC !
Wouldn't be "Prudent" to their agenda.
only the most stupid believe the likes of msnbc or cnn
Your comment reminds me of this bit of advice i heard on TV a while back:
make sure your mind is engaged before mouth parts start moving!
MSNBC and the like opinionates about actual Growing Manufacturing jobs ?
Who knew !
"Mouth".....Meet "Foot" !
And while the actual facts apparently are of no interest to you, they might be to some-- apologies in advance for any embaressment my posting them may cause
This is on the MSNBC site:
Oh.....Blogs ! You're speaking of "Blogs" !
I don't do Media Internet ...…. "Blogs" !
I want "as seen on TV" ! That way I know EVERYONE has seen it.
Mirror got in the way ?
Many recent reports reflect April data, “which means it weakened before the re-escalation of trade tensions,” Wilson continued. “In addition, numerous leading companies may be starting to throw in the towel on the second half rebound--something we have been expecting but we believe many investors are not.”
Nothing like a good scare to start a panic.
And conversely-- there's nothing like a panic to give people a good scare!
Call the Democrats.....It's needed here now !
"Recession Watch?"
Or--------"Nothing like a good scare to start a panic?"
Honestly people. We're about 2/12 years in------to-----the whatever it was supposed to be----that----apparently got there----by-----proving that-----"When your a star you can do anything."
The Markets? Yeah them. Trade tensions. More weapons to Yemen. What the hell? ----The Markets? Yeah them? Yeah what?
This is bs.
Hell. We have an administration that has blocked more subpoenas in the last six months than the Average Viral 30 something American male has experienced erections.
The Markets. What the F. This is bs. Something is happening.
The Markets? Yeah them. Trade tensions. More weapons to Yemen. What the hell? ----The Markets? Yeah them? Yeah what?
This is bs.
Well, yes and no. Depends upon how much of the money a person has earned that they have invested in the market.
Hell. We have an administration that has blocked more subpoenas in the last six months than the Average Viral 30 something American male has experienced erections.
I'm not sure how trump's blocking subpoena's relates to the topic? (the stock market)
The Markets. What the F. This is bs. Something is happening.
Something is always happening! Although most people most of the time aren't aware of most of what's happening. And for those things they are aware of, more often than not they interpret them wrong. (Most are only interested in "facts" that support their pre-existing biases:
Confirmation bias:
Confirmation bias is the tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses. [1] It is a type of cognitive bias and a systematic error of inductive reasoning. People display this bias when they gather or remember information selectively, or when they interpret it in a biased way. The effect is stronger for desired outcomes, emotionally charged issues, and for deeply entrenched beliefs.
People also tend to interpret ambiguous evidence as supporting their existing position.
The Markets. What the F. This is bs. Something is happening.
Yep-- its happening. And its getting even worse.
Have you seen what the market's been doing so far today?
(Just playing lawyer a bit here :^)
yep... it's ruining my trip,
bummer.
I can't handle all this 'winning'.
Look. Something is not right.
At any other time in our American history, be it economic or social, had a president stated that his Intelligence Services told him something--but the president pointed to a foreign leader ( Putin ) and publicly stated that he ( the president ) believed him---Uh--I don't get it.
So, the Markets are the strongest they've ever been in the history of the World? The president implies as much. Don't care. Something is not right.
I don't know. This Trump thing is just------abnormal. Something is not right.
I don't know about anyone else, But I'm always on a recession "Watch".
It's called "Saving" for that rainy day that always comes !
Ah yes the stock market. I remember the good old days when a bad day in the market was just a "dip in the road"; a "little normal correction"; "someone hit the wrong button"; or whatever term could be used to blow it off.
The market has been way over primed for a very long time. The correction will not be pretty; but is needed.
Think it will impact the election?
Depends on the timing.
I agree with that. Timing is everything. If the economy and market are still strong; then Trump stands a good chance of winning reelection no matter how much he is hated. People will vote with the wallets before anything else. If the economy tanks so does his reelection chances. But that would be true for any president no matter how well they are liked.
The negative impact on the economy is just beginning. Things could get a lot worse. So if the trade war with China isn't over by the election,there were a YUGE Democratic victory.
OTOH if it is resolved, that might result in a significant Republican win.
Its impossible to predict what will happen-- but its beginning to look like Trump underestimated the resolve of the Chinese....this thing might not be resolved as soon as trump had hoped for.
It seems our leftist friends long to return to the Obama era of 1.6 GDP
the worst economy post WWII