JP Morgan strategist: US stocks will not enter Bear Market, nor will they break through the highs

On August 14th, according to the Golden Ten data, Morgan Stanley strategist Mike Wilson said that although seasonal factors and uncertain economic prospects may limit the market’s pump space for the remaining time in this quarter, the possibility of a comprehensive big dump in the U.S. stock market is also very low. He said that due to the lingering fear among traders after last week’s big dump, a major collapse is unlikely. However, he still believes that the S&P 500 index has almost no pump space, and expects the benchmark index to fluctuate in the range of 5000-5400 points, with the lower limit of this range implying a fall of about 7% from Tuesday’s level, and the upper limit remaining basically unchanged from the current level. “I find it hard to imagine that we will rebound to those high points,” he said. “I also don’t think we will completely collapse and enter a new Bear Market.”