Morgan Stanley and Citi Strategists See Equities Storm Forming
- MS strategist says downside risk most acute in next 6-8 weeks
- Negative turn in earnings index a ‘game-changer,’ Citi says
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As equity markets sink around the world, Morgan Stanley and Citigroup Inc. strategists say a perfect storm looks to be gathering.
“Downside risk remains most acute over the next 6-8 weeks,” Morgan Stanley’s Michael Wilson wrote in a note to clients. “We are firmly in the grasp of a bear market that is incomplete in both time and price.”