Jeff Schulze, Chief Investment Strategist at Franklin Templeton, said that U.S. equities have recently performed moderately and may continue moving higher in the seasonally strong fourth quarter.
PANews cited a Citigroup index showing that, for the first time in 23 weeks, the number of analysts downgrading U.S. corporate earnings expectations exceeded the number raising them; Morgan Stanley warned that the S&P 500 could face downside risk of up to 7%.
