We are already in a recession

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We are already in a recession
byu/Teckel22 inwallstreetbets

Top Wall Street analyst issues stark warning for stocks

Wall Street’s most-vocal bear sees a big correction for U.S. stocks coming, even as benchmarks continue to print records, but he sees the impending pullback as a chance to buy into the market’s next move forward.

Morgan Stanley’s chief investment officer, Mike Wilson, has maintained a largely bearish stance on markets for the past three years. He grudgingly lifted his S&P 500 price target to 5,400 points in the spring as inflation eased and the economy appeared headed toward a soft landing, avoiding recession.

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finance.yahoo.com/news/top-wall-street-analyst-issues-123324714.html

Piper Sandler analysts are cautioning investors about a potential correction in the S&P 500, despite recent highs. Their note highlights a weakening market that could lead to a significant pullback.

In today’s note warning of a potential correction, Piper Sandler stated: “Deteriorating market breadth and narrowing leadership” are the key concerns.

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This means that fewer stocks are participating in the rally, and investors are focusing on a limited group of high-performing companies. They argue that this undermines the sustainability of the current upswing.

www.investing.com/news/stock-market-news/a-deeper-sp-500-pullback-is-coming-piper-sandler-warns-3511440

Emons suggests investors use this moment to reduce concentration risk in your portfolio, or take some profits in a stock that has surged this year and as a result is weighted too heavily.
finance.yahoo.com/news/why-stocks-may-be-due-for-a-correction-134451541.html

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