Reported about 1 year ago
Morgan Stanley's Chief Investment Officer, Mike Wilson, predicts a 10% drop in stocks before the November election, citing weak corporate earnings and the need for catalysts to improve. Wilson warns of a looming market correction driven by poor earnings and economic outlook leading up to the presidential election, with the S&P 500 propped up by a few growth stocks. Other analysts also highlight the risk of a significant stock correction, as valuations remain high.
Source: YAHOO