A team led by the bearish Michael Wilson said that the Federal Reserve will likely raise interest rates longer than is currently priced in by the market.
The Morgan Stanley strategists also projected an earnings recession.
Estimated reading time: 0 minutes, 21 seconds
Morgan Stanley Calls Stock Prices 'Disconnected from Reality'
Morgan Stanley strategists have warned that stocks are poised to retreat, writing, “Price is about as disconnected from reality as it’s been during this bear market.” So reports Bloomberg.
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