Earnings Boost Stocks Amidst Caution and Record Highs

1 min read
Source: MarketWatch
Earnings Boost Stocks Amidst Caution and Record Highs
Photo: MarketWatch
TL;DR Summary

Morgan Stanley highlights that while earnings support stocks, investors should be cautious of two risks: potential headwinds from Fed policy and funding markets, especially as the S&P 500 trades at a high valuation of 23 times next year's earnings, well above its 10-year average.

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