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Selloff in Stocks Isn’t Over Yet, Says Morgan Stanley

  • S&P 500 is still mispriced for slowdown in economic growth: MS
  • Strategists say macroeconomic backdrop remains very difficult
Updated on

The rout in stocks isn’t over just yet, according to Morgan Stanley strategists, who see scope for both US and European equities to correct further amid mounting concerns of slowing growth.

Strategist Michael Wilson, who has long been a skeptic of the decade-long bull run in US stocks, said in a note that even after five weeks of declines, the S&P 500 is still mispriced for the current environment of the Federal Reserve tightening policy into slowing growth.