Morgan Stanley’s Big Bear Sees Temporary Respite From Selloff
- S&P 500 could rise another 5-7% before losses resume: MS
- Strategist sees US benchmark near 3,000 points in a recession
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One of Wall Street’s most prominent bears sees the current rally in US stocks extending -- prior to the selloff recommencing.
Morgan Stanley strategists led by Michael Wilson say the S&P 500 Index may climb another 5% to 7%, before resuming losses.