Morgan Stanley Sees S&P 500 Selloff Nearing a Bottom
The S&P 500 has fallen about 7.3% in March (on track for its worst month since 2022), but Morgan Stanley says the selloff is nearing its ending stages as the forward P/E has dropped roughly 15% from its peak; Brent crude has jumped about 51% since the start of the U.S.–Iran conflict and is largely priced in, yet higher interest rates remain a near-term risk with rate-cut odds fading by year-end.