BlockBeats News, May 19th, Morgan Stanley strategist Michael Wilson stated that due to the recent trade truces between the United States and some countries reducing the possibility of an economic recession, investors should buy into the U.S. stock market dip triggered by last Friday's credit rating downgrade.
This strategist believes that after Moody's downgrade of the U.S. rating, pushing the 10-year Treasury yield above the key level of 4.5%, the stock market is more likely to fall.
However, Wilson wrote in a report, "We will be buyers of this dip." Wilson stated that an encouraging sign is that the corporate earnings season seems to be over, and the uncertainty of tariffs has not had a significant impact. He said that even if trade data weakens slightly in the coming months, the recent upward revision of corporate profits suggests that the stock market will continue to rise. (FXStreet)
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