The bulls are back – the stock market turns the corner on dovish Fed rhetoric. Hopes on soon slowing rate-hike pace serve as a boost for risky assets. The bad news is that not all remain optimistic: Morgan Stanley analysts suggest investors maintain a "defensive stance”. Deteriorating economic conditions could ultimately take a hit on the corporate sector, pushing down earning margins.
No wonder, Big Techs like Amazon.com and Meta cut staffing. Unless “we talk ourselves into a recession”, eventually, things will come back to normal and that is exactly what the market discounts. According to Gerald Cohen, there is a 50-50 chance of the US entering the stagnation phase. Looking at the latest macroeconomic data, things look stable, but there is always room for surprise.
What would Warren Buffett do? In Q3, Berkshire Hathaway Inc. poured $9 billion into the stock market. Overall, the fund spent about $66 billion in the first nine months. That's more than 13 times the spending for the same period in 2021. In other words, every crisis is an opportunity, which is why many anticipate the worst-case scenario to purchase stocks at a great discount.
Talking about sales, starting next Monday the Black Friday Sale with discounts of up to 60% starts on Tradingview. Remember, the offer will not last long, use this chance to buy any subscription at the company’s lowest possible price. Check the features of each plan here.
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