Morgan Stanley Warns "Market Ripe For A Drawdown" As "Risk/Reward Has Deteriorated Materially"
Jan 4th 2021 1:05pm EST
Morgan Stanley Warns “Market Ripe For A Drawdown” As “Risk/Reward Has Deteriorated Materially” For much of November and early December (recall “Stocks are Overbought And Frothy” Warns Wall Street’s Most Accurate Analyst”), Morgan Stanley’s chief US equity strategist, Michael Wilson, repeatedly warned that stocks are poised for an (at least) 10% correction around year-end, before […]
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