Morgan Stanley Says Buy Stocks If There’s an Election Plunge
- Mike Wilson confident that U.S. will add more fiscal stimulus
- He says markets likely to stay volatile through November
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A plunge in U.S. stocks because of election fears would be the perfect buying opportunity, according to Morgan Stanley.
Mike Wilson, the bank’s chief U.S. equity strategist, said there’s a good chance markets could drop before the election and investors have recently grown complacent about the risks of a drawn-out legal battle between President Donald Trump and Democratic hopeful Joe Biden.