大摩：Mỹ chưa phản ánh giá trị của thị trường chứng khoán Mỹ hoặc rủi ro của tình hình đã lạc hậu so với Cục dự trữ liên bang Mỹ

The data of Jinsan on August 12th, Morgan Stanley strategist said that although the bond market has begun to digest the expectation that the Federal Reserve is ‘falling behind the situation’, this risk is not reflected in the current stock market P / E ratio. The team led by Michael Wilson stated that investors are most concerned about the issue of economic growth, not inflation and interest rates. ‘The market is looking forward to better economic growth or more policy support to once again boost optimism. In the short term, we cannot see any conclusive evidence in any direction, which will temporarily cause the stock index to fluctuate within a narrow range,’ they wrote in a report. They expect the S&P 500 index to fluctuate between 5000 and 5400 points. They also believe that the magnitude of profit revisions will vary with the season, which is also one of the reasons why the third quarter is usually the most challenging for the stock market.