That would require a 20% pullback - a far cry from what either is expecting. While the two firms have differing views on the trajectory of stock-market losses, however, both can agree that whatever weakness transpires, it won't threaten the 8-1/2-year bull market. It forecasts that by the end of March the S&P 500 will hit 2,700, more than 5% above the index's current level. DETAILED INFO Learn about your modem status lights The following chart explains what each status light means. Morgan Stanley also sees - wouldn't you know it - the Fed's balance-sheet unwinding as a major risk, as well as a lack of follow-through on President Donald Trump's tax plan and a potential reversal in a historically low US dollar.īut Morgan Stanley is less pessimistic than BAML about the first quarter of 2018. Its worry stems from what it sees as a fully priced stock market - with minimal upside and a small margin for error - heading into earnings season. My power indicator light turns amber during the Power Up sequence.

Once you have completed the installation, please contact your alarm monitoring provider to test your alarm. On Tuesday, Morgan Stanley warned of a sharp pullback in equities, albeit a less aggressive forecasted decline of roughly 5% by year end. I have a monitored home security system or health alarm. It often indicates a user profile.īAML's correction forecast isn't the first to come out of Wall Street this week.

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