Morgan Stanley sees the potential for a technical bounce in stocks, but Wilson feels earnings estimates remain far too high and fundamentals will eventually drag prices lower. pic.twitter.com/18vViX5BNF
— Markets & Mayhem 🤖 (@Mayhem4Markets) March 6, 2023
High yield spreads appear to be mispricing the potential risk in those credit markets, as bank standards of tightened spreads haven't risen commensurately. pic.twitter.com/d34x26iWcO
— Markets & Mayhem 🤖 (@Mayhem4Markets) March 6, 2023
Mortgage applications for home purchases fall to a 28-year low, per Michael Kantro: pic.twitter.com/JYatDetfxW
— unusual_whales (@unusual_whales) March 6, 2023