Too Early to Buy the Dip, Morgan Stanley's Slimmon Says

Andrew Slimmon, Morgan Stanley Investment Management senior portfolio manager, says the US economy is slowing but not breaking. Speaking on "Bloomberg The Close," Slimmon also says he expects small-cap and high-growth stocks to bounce.

--------
More on Bloomberg Television and Markets


Connect with Bloomberg Television on:

Connect with Bloomberg Business on:

More from Bloomberg:


Watch more on YouTube:

[GetaFasui]

It seems certain stocks are undervalued, flying under the radar despite their potential. You can't help but wonder when the market will recognize their true worth. How can I invest $600K wisely to ensure our future security?

[ScarlyJo]

Every week I buy more of whatever is the lowest percentage of my portfolio and try to keep everything around 10%. Please what could be my safest buys with $400k to outperform the market in 2024?

[Midman]

I’ll assume this guy has never outperformed the S&P.

[beautifulpeoplealways]

Will the stock market actually get better or is this the Election time manipulation to entice new investors in buying the dip, I'm currently sitting on $400, 000 inheritance and wondering do I invest in stocks or stay 100% cash? But again, inflation is no good for my savings.

[sirus]

this guy gets paid well to make these comments. His sole job is to take the heat and cause controversy. Not a bad gig lol

[maugn]

Bloomberg! Thank you for posting these quality videos!

[Patrick-yhyd]

He is right. just cause you had to much coffee have a plan.

[Fous]

The dip is now for mag7 stocks, not too many opportunities to buy at these prices

[anotherfan]

Micron is down 50% from his ATH months back!

[Jones]

Waiting for a major crash to buy the dip, as it would present the best opportunity. I currently have over $300k in a savings account, ready to invest in a significant opportunity. Where should I allocate these funds at this moment?

[cheersmodreams]

Mr. Slimmon is fluent in his description of an underlying level of market volatility that know exists. It is because of the unknown level of confidence in next year's higher and increasing level of earnings guidance. The 'X' factor is growth slowdown to goldilocks levels, mild recession levels or hard landing levels. The macro data will tell, and it's not just employment and inflation.

[Olvera_emi]

Why are they asking Billy bob Thornton!?

[peppercorn]

Retail traders: OMG the economic forecast went possitive haha *buys the Dip*
meanwhile smart institutional trader: i need that volume and liquidity tu pull my 1, 000, 000, 000 money out ot the market

[bloodbathy]

Why this guy is openly saying market will go down? Do the news anchor know how many time his analysis has worked? This channel to disclose this info.

[davidgray]

I just love listening to the “experts” because they are almost always wrong, the truth is the people who get it right consistently do not go on tv wearing lilac shirts, whilst having a mortgage on their home, they are usually on their large yacht in the Caribbean, or shopping in Europe. It is such fun to watch them try them being “experts”, I have run my own pension for years and I don’t follow what they say. My advice to young people is trust your own judgement. And don’t do anything very radical or follow the “gurus”. Also study history, the finest of subjects, particularly with regard to economics.

[sanesanyo]

I remember him being very bullish on stocks a couple of weeks ago 😂😂

[anotherfan]

If everyone knows it's going to crash, it might not crash! Just going by this guy's logic ! 😅

[gautamkarmakar]

There seems to be a volatility into the election but a rally towards the end of the year

[gainer]

Global Investors loading the EV sector Dips Monday.. NKLA.. Nikola..Plug .. Polestar.. Lillium Evtol Jets and much more. Expecting more tomorrow.? Frey EV batteries... Lucid..Xos Trucks..Zapp ..Blade Evtol Jets and others. Thumbs Up.

[WalayatFamily]

Morgan stnaley clowns are still waiting for the bear market to bottom