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‘Take advantage of this pullback,’ says Morgan Stanley executive who sees buying opportunities amid Russia-Ukraine tension – MarketWatch

Written by Amanda

‘Take advantage of this pullback,’ says Morgan Stanley executive who sees buying opportunities amid Russia-Ukraine tension  MarketWatch

Tension centered on Russia and Ukraine has opened up an opportunity for investors to put cash to work in the stock market, according to Andrew Slimmon, senior portfolio manager for equities at Morgan Stanley Investment Management.

“Take advantage of this pullback,” Slimmon said in a phone interview Tuesday. He said he expects the S&P 500 index SPX can rally to around 5,100 this year, though stocks could “retest” lows seen in late January as hot inflation will continue to worry investors that the Federal Reserve may have to…

Source: marketwatch.com

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