“Selloff in Stocks Isn’t Over Yet, Says Morgan Stanley”
May 11, 2022
“…Strategist Michael Wilson, who has long been a skeptic of the decade-long bull run in US stocks, said in a note that even after five weeks of declines, the S&P 500 is still mispriced for the current environment of the Federal Reserve tightening policy into slowing growth.
According to his base scenario of “fire and ice,” he expects the S&P 500 to slide in the near term before climbing to 3,900 points next spring — which is still about 2.5% below current levels — on slowing earnings growth and elevated volatility…”
https://finance.yahoo.com/news/selloff-stocks-isn-t-over-085309453.html