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Stock Indexes Face Fresh Low This Year, Morgan Stanley's Wilson Says

  • ‘Market is being too optimistic about the earnings outlook’
  • Added that ‘investors are way too preoccupied with the Fed’
Bloomberg business news
Stocks Too Preoccupied With Fed: Morgan Stanley's Wilson
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Investors should brace for more pain as US stock indexes haven’t yet hit bottom for the year, according to Mike Wilson, chief US equity strategist at Morgan Stanley.

“The index usually is the last thing to fall,” Wilson, who’s predicted this year’s equity selloff, told “Bloomberg Markets” Wednesday, referring to the S&P 500. “June probably was the low for the average stock, but the index, we think, still has to take out of those June lows.”