TechFlow news, May 19 — According to Jinshi Data, Morgan Stanley strategist Michael Wilson said that since the recent trade truce between the U.S. and several countries has reduced the likelihood of an economic recession, investors should buy into the U.S. stock market dip triggered last Friday by the downgrade of America's credit rating. The strategist noted that after Moody's downgraded the U.S. rating, pushing the 10-year Treasury yield past the critical 4.5% level, a pullback in equities was more likely. However, Wilson wrote in a report: "We would be buyers of this decline." A positive sign, Wilson said, is that the corporate earnings season appears to have concluded without significant impact from tariff uncertainty. He added that even if trade data weakens slightly over the coming months, recent upward revisions to corporate earnings suggest further gains for stocks.
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