Surveillance: Rate Stability with Allianz CEO
Bloomberg Surveillance
00:00
How Much Could You See the S&P Getting to That 3200 Level?
The S&P 500 is expected to close at 3,200 on Friday. That's the base case for Mike Wilson over at Morgan Stanley. The average drawdown from peak in a recession is about 32%. If 35 doesn't hold, I think 3,200 is the next natural place to go. But it's hard for me to imagine we go too much lower than that just because of pandemic.
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