Push It: Morgan Stanley delays “earnings reset”, again

Push It

Morgan Stanley’s been waiting for the big reset. They say stocks cant bottom until Wall Street wakes up and reprices stocks down to the banks below consensus estimates. But if you're waiting with Morgan Stanley to scoop stocks on that reprice, don’t hold your breath.

For the eighth time since last summer, Morgan Stanley has pushed back their expected stock market collapse. Yesterday the bank’s CIO said:

"While we didn't get the definitive reversal last week for equities we were expecting, the door is still very much open for our call to play out; though it could develop at a bit slower pace."

In case you utilize their research, here’s MS’s earnings reset timeline.

Best,

Jim