Did anyone not see this coming?
'The U.S. stock market could face even steeper losses in the coming weeks thanks to an "imminent" earnings recession, according to Morgan Stanley strategists.
Michael Wilson, the chief U.S. equity strategist at Morgan Stanley and a longtime Wall Street bear, warned in an analyst note this week that incoming fourth-quarter corporate earnings reports are likely to disappoint investors this week, sending stocks to a two-year low.
"We're not biting on this recent rally," Wilson wrote.'
www.foxbusiness.com
'The U.S. stock market could face even steeper losses in the coming weeks thanks to an "imminent" earnings recession, according to Morgan Stanley strategists.
Michael Wilson, the chief U.S. equity strategist at Morgan Stanley and a longtime Wall Street bear, warned in an analyst note this week that incoming fourth-quarter corporate earnings reports are likely to disappoint investors this week, sending stocks to a two-year low.
"We're not biting on this recent rally," Wilson wrote.'
'Imminent' earnings recession could tank US stocks, Morgan Stanley warns
Morgan Stanley analyst Michael Wilson sees the bear market ending later this year as inflation fades and the Fed pauses its interest rate-hike campaign.
www.foxbusiness.com
