Posted 9/11/2023, 4:49:13 PM

Morgan Stanley Strategists Recommend Healthcare Stocks in Late Cycle Market

Morgan Stanley strategists tout health stocks in "late cycle" market
They view this year as extension of late cycle with Fed pausing rate hikes
Healthcare has underperformed but they are overweight the sector
Their "late cycle playbook" includes defensive growth stocks and energy/industrials
BofA strategists say market is in "recovery" phase, which favors financials and value stocks

yahoo.com

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9/28/2023

Morgan Stanley Chief: Markets in 'Purgatory' Awaiting Recession or Growth Rebound

Contrary to the market's recent rally, Morgan Stanley strategist Mike Wilson argues that the stock market is currently in a state of purgatory as it waits for the Federal Reserve's interest rate decisions, with a potential recession looming due to factors such as decreasing consumer spending. Wilson suggests that investors should focus on quality dividend-paying stocks as a defensive approach during uncertain times.