Morgan Stanley’s Wilson Says a 10% Stock Market Correction Is ‘Highly Likely’
- US election in November and rate outlook among mounting risks
- Pullback may offer opportunities, valuations ‘unexciting’ now
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Traders should brace for a significant pullback in the stock market as uncertainty swirls around the US presidential campaign, corporate earnings and Federal Reserve policy, according to Morgan Stanley’s Mike Wilson.
“I think the chance of a 10% correction is highly likely sometime between now and the election,” Wilson said in an interview with Bloomberg Television Monday. The third quarter is “going to be choppy.”