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Stocks could slump another 20%, Morgan Stanley says

Por: CBS News Business January 10, 2023

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Investors , with the S&P 500 tumbling 19% as the Federal Reserve cranked interest rates higher to smother inflation. But 2023 may offer up more misery, with a looming recession providing another dose of risk, according to Morgan Stanley chief U.S. equity strategist Michael Wilson. The S&P 500 could fall to as low as 3,000 points, a decline of more than 20% from its current trading level of roughly 3,900 points, Wilson said in a last month about... + full article



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