Fitch Ratings: Global Bank Rating Out-looks More Negative Than In Mid-2018 t.co/xdYmpqRT3X
— LiveSquawk (@LiveSquawk) January 29, 2019
Positive S&P500 price action despite fewer beats, more misses, UBS says: Proportion of comps beating/missing expectations has turned neg. 44% of reporters beat on rev, down from 61% in Q3; 61% beat on earnings down from 75% in Q3 for surprise of 1.6%, comp to avg of 4% since 2009 pic.twitter.com/1R4L8dnm8x
— Holger Zschaepitz (@Schuldensuehner) January 28, 2019
Morgan Stanley’s chief equity strategist is telling investors that they need to get out of stocks right now t.co/jXkFKghzR3
— MarketWatch (@MarketWatch) January 29, 2019
Timing is everything and Morgan Stanley’s chief equity strategist Mike Wilson is telling investors that they need to get out of stocks right now even if the market still has some upside potential.
Employing a rodeo metaphor, Wilson on Monday urged his clients to “dismount” as the market’s rally since late 2018 is starting to look precarious.
“Maybe the bull ride since Dec. 24 has not gone a full ‘8 seconds’ but we’d look to dismount anyway—we’re close enough and bulls can be dangerous animals,” he said in a report, referring to the number of seconds a bull rider is required to stay on to earn a score for a ride.
Indeed, the strategist said the market’s action has been a “short and volatile ride” since the December plunge and the sell signals aren’t as obvious as from when the S&P 500 SPX, +0.02% traded above 2,900 but it is time to look for greener pastures.
“We struggle to see the upside in hanging on just to see how long we can. We think it is better to hop off now and rest up for the next rodeo,” said Wilson.
— Alastair Williamson (@StockBoardAsset) January 28, 2019
Notable companies that have lowered guidance so far this month:
Stanley Black & Decker
— Hipster (@Hipster_Trader) January 29, 2019
SMART MONEY INDEX
— OCCUPY WISDOM (@OccupyWisdom) January 28, 2019