Strategists See More S&P 500 Volatility as Tariff Fears Kick In
Michael Wilson
Photographer: Victor J. Blue/BloombergThis article is for subscribers only.
A chorus of Wall Street strategists is warning about rising volatility in the stock market, with Morgan Stanley’s Michael Wilson the latest to sound the alarm on slumping economic growth amid President Donald Trump’s trade wars.
The strategist, who was a prominent bearish voice on equities until mid-2024, said he expects the S&P 500 Index to drop as much as 5% to 5,500 in the first half of the year as corporate earnings suffer from Trump’s tariffs and lower fiscal spending. The broad equities benchmark closed Friday at 5,770.