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Winter of 'disconnect': Morgan Stanley's Mike Wilson braces for more than 20% stock drop - TL;DR CNBC

Winter of 'disconnect': Morgan Stanley's Mike Wilson braces for more than 20% stock drop

Publishing timestamp: 2023-01-11 00:36:29


Summary

Morgan Stanley's Mike Wilson is warning investors to brace for a 23% drop in the S&P 500, as earnings season is expected to kick off with results that are sharply below expectations. He believes the Federal Reserve won't be as reactive to the slowdown as they have been historically, and his S&P 500 year-end price target is the second lowest on the Street.


Sentiment: NEGATIVE

Tickers: XLF.SPX

Keywords: financial select sector spdr fundinvestment strategys&p 500 indexinterest ratescoronaviruscovid-19retail salesjerome powellwall streetinflationmonetary policyconsumer spendingpersonal debtmarketsrecessions and depressionsstock marketsearningsfederal reserve bankbusiness newstechnologyjobsu.s. economy

Source: https://www.cnbc.com/2023/01/10/winter-of-disconnect-morgan-stanleys-mike-wilson-issues-correction-warning.html


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