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Stock impact report

Morgan Stanley's Wilson Says a 10% Stock Market Correction Is ‘Highly Likely' [Yahoo! Finance Canada]

Morgan Stanley (MS) 
Last morgan stanley earnings: 4/16 07:15 am Check Earnings Report
US:NYSE Investor Relations: morganstanley.com/about-us-ir
earnings and Federal Reserve policy, according to Morgan Stanley's Mike Wilson. Most Read from Bloomberg “I think the chance of a 10% correction is highly likely sometime between now and the election,” Wilson said in an interview with Bloomberg Television Monday. The third quarter is “going to be choppy.” ADVERTISEMENT Read: Morgan Stanley's Wilson Capitulates on Bearish Stocks View (1) The S&P 500 Index opened the week at all-time highs and will hit its 35th closing record this year if it ends Monday in the green. Expectations that the Fed will cut rates twice this year and excitement around artificial intelligence have propelled the benchmark to a 17% gain since January after its 24% surge in 2023. Indeed, even a long-time bear like Wilson has tempered his tone from the past few years. But a rising number of Wall Street pros have begun to grow cautious heading into the third quarter, a seasonally turbulent period, particularly amid signs the rally is overheating. Goldm Show less Read more
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