Morgan Stanley says economy is in early recession & bond market is failing
 

Trump hired five Morgan Stanley execs to be his swamp creatures in the treasury and even they are now saying we're on recession.

Trump's trade War has decimated the American economy in the upward trend that he inherited from Obama. Sad

"Renewed trade tensions and a slump in economic data put U.S. profits and economic growth at risk, Morgan Stanley warned Tuesday.

Numerous leading companies are starting to throw in the towel on the second half rebound--something we have been expecting," the bank writes.

Wilson adds that market risks have been reflected in the bond market, pointing to an unusual phenomenon in government debt yields."

Morgan Stanley says economy is in early recession & bond market is failing

The stock market and economic outlook in the United States are "deteriorating," according to an analysis from one of Wall Street's top investment banks.

Renewed trade tensions and a slump in economic data — ranging from falling durable goods and capital spending to a downshift in the services sector — has put U.S. profits and economic growth at risk, Morgan Stanley warned Tuesday.

"Recent data points suggest US earnings and economic risk is greater than most investors may think," wrote Michael Wilson, the firm's chief U.S. equity strategist.

Specifically, the stock strategist highlighted a recent survey from financial data firm IHS Markit that showed manufacturing activity fell to a nine-year low in May. That report also revealed a "notable slowdown" in the U.S. services sector, a key area for an American economy characterized by huge job gains in health care and business services.

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Source: Morgan Stanley Cross Asset Research

Many recent reports reflect April data, "which means it weakened before the re-escalation of trade tensions," Wilson continued. "In addition, numerous leading companies may be starting to throw in the towel on the second half rebound--something we have been expecting but we believe many investors are not."

Wilson was one of the most bearish stock strategists last year, defending his initial S&P 500 call of 2,750 for year-end 2018 without adjusting it throughout the year. By the end of the year, his call was the most accurate of any strategist tracked by CNBC.

He's stood by his gloomy case for 2019, often warning that investors could be caught in a "rolling bear market " for the next several years. The market has thus far outpaced Wilson's models for 2019, with the S&P 500 up 11.7% and the Dow Jones Industrial Average up 8.6% year to date.

The stock market sold off Tuesday, adding to steep losses for the month of May. The Dow fell 237 points and the S&P dropped 0.8% during the session; they are down 4.6% and 4.8%, respectively, this month.

This can not be true because onehunglo said its booming and roaring...

He has so many lies and such little time..

As long as his mom keeps paying his lot rent he has nothing but time. :1orglaugh

yes but this one guy got his coal job back MAGA! :1orglaugh:1orglaugh:1orglaugh

:1orglaugh:1orglaugh you always crack me up :1orglaugh:thumbsup

We knew this was coming. This is exactly what we told you would happen. You put in a President with zero experience into office, it will be nothing but stupidity and constant scandal, and nothing will get done. In the mean time, Trump removed all of the protections put into place after the less recession.

History repeats itself. Put a Republican in office, the deficit shoots up, we end up in a war or two, and then we have a recession.

#winning.

Robbie, Vendildo, Baddog, all the Red Hats will have every excuse in the book as to why it's not Trump's fault and it happened because the "establishment" wanted him to fail so they sabotaged "MAGA"..


They will NEVER admit they were wrong... It's always everyone else fault, not theirs..

They could be living in cardboard boxes on the streets and they would still praise Chump. It's like mass hypnosis !

Racists support racists beyond their own self interests not realizing rich racists just want their money just like those christians that support preachers that just want to rip them off.

Drip. Drip Drip.