Morgan Stanley sees S&P 500 falling back to December lows [MSN Money]
Citigroup, Inc. (C)
Last citigroup, inc. earnings: 4/15 08:00 am
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Source: MSN Money
Morgan Stanley Sees S&P 500 Falling Back to December Lows (Bloomberg) -- Invtors chasing the U.S. equity rally should pull back as the S&P 500 Index bumps up against key technical levels on charts and the earnings season will probably bring more bad news, warned Mike Wilson, Morgan Stanley’s chief U.S. equity strategist. That double hurdle is likely to sd the S&P 500 back to its December lows at around ,50, Wilson said in a rearch note Monday. It fac challg around the range of ,600 to ,650, “which is a good level to start lighting up,” he said. The bchmark gauge came within five points of ,600 for a third day in a row through Friday. © Bloomberg “The issu we still need to deal with include the fact that we are in the midst of a fairly steep and broad negative earnings revision cycle, and there is significant technical ristance/overhead not far above currt pric,” Wilson wrote in a note to clits. “We expect upcoming negative data will prove ,600-,650 to be a good sale before a proper re
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Earnings
- 4/12/24 - Beat
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Sec Filings
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- 4/18/24 - Form 424B2
- 4/18/24 - Form 424B2
- C's page on the SEC website