Morgan Stanley’s Mike Wilson Warns of Fresh Stock-Market Pain
- S&P slide may accelerate says strategist eyeing 20% pullback
- Earnings season seen as reality check for lofty valuations
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A little more than two weeks ago, Morgan Stanley’s Mike Wilson warned a 20% plunge in U.S. stocks was a real possibility. Since then, the S&P 500 has weathered bouts of volatility to remain near all-time highs.
Now, skeptics like Wilson can find a more receptive audience as the bond selloff gathers pace and stocks fall in Wednesday trading on a growing supply-side crisis around the world.