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Morgan Stanley, Goldman Say Fourth Quarter Stock Rally Is Looking Iffy

TedTed
in The Bullpen
FYI: A trade with a near-perfect record of working is anything but a sure thing in 2018, two big investment banks say.

It’s the S&P 500’s habit of rising in the fourth quarter, something that has happened during eight of the last nine years. But counting on the calendar to bail U.S. stocks out of their latest October slump may be asking too much, according to strategists at Morgan Stanley and Goldman Sachs.
Regards,
Ted
https://www.bloomberg.com/news/articles/2018-10-22/morgan-stanley-goldman-say-sure-thing-stock-rally-looking-iffy?cmpid=BBD102218_CUS&utm_medium=email&utm_source=newsletter&utm_term=181022&utm_campaign=closeamericas
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