Stocks are on a "rollercoaster to nowhere," Morgan Stanley Wealth Management's Lisa Shalett said. AdvertisementThe stock market is on a "rollercoaster to nowhere," according to Morgan Stanley Wealth Management's chief investment officer Lisa Shalett. "I think we're going to be on this rollercoaster to nowhere, where periodically we're going to get these bear market rallies. That's partially because the market hasn't felt the full impact of the Fed's monetary tightening this year. But, "it's not yet a clearing event that sets up for a durable buyable bottom in this market," Shalett argued.

Source: Economic Times October 20, 2022 00:35 UTC