The stock market is staging a relief rally that should not be seen as part of a sustained move higher, according to Morgan Stanley Wealth Management.
Lisa Shalett, the firm’s chief investment officer, laid out in a recent note three reasons why the S&P 500 is poised to retest its December lows.
If you think stocks bottomed out in December 2018, think again.
That’s the message from Morgan Stanley Wealth Management is relaying to its clients and anyone who views the market’s recovery as part of a sustained move higher.