Morgan Stanley's CIO sticks by his forecast for a 13% S&P 500 sell-off, says FOMO-driven investors make records unsustainable

"We're going to be very selective and that's why we think you have to be a stock picker here, you can't just buy the index," Mike Wilson said.

By: Business Insider

Apr 05 2024
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Morgan Stanley's CIO sticks by his forecast for a 13% S&P 500 sell-off, says FOMO-driven investors make records unsustainable

Morgan Stanley CIO Mike Wilson reiterated his bearish stock market view on Tuesday, telling Bloomberg Surveillance Radio that he's seeing more signs of speculation among investors.
"We are seeing sp… [+2237 chars]

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Morgan Stanley's CIO sticks by his forecast for a 13% S&P 500 sell-off, says FOMO-driven investors make records unsustainable

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