Morgan Stanley’s Wilson Sees 20% Downside for Tech Stocks
- ‘Even the cyclical names that have gone too far’ could tumble
- Lack of cash coming in the door is an earnings vulnerability
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Morgan Stanley’s Michael Wilson says he still sees some 20% downside on some of the big technology and meme stocks, without specifying which ones.
The long-time equities bear said on Bloomberg Surveillance that valuations are out of bounds even without an earnings recession.