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Market Rally Or 'Speculative Frenzy'? Why Morgan Stanley Says 'Payback' Is Coming, S&P 500 Could Crash To 3,000

Benzinga Real-time News ·  Feb 21, 2023 15:37

$Morgan Stanley (MS.US)$analystMichael Wilsonsees the risk-reward opportunity in the markets at current levels as severely skewed to the downside, and he's telling investors to take shelter before the market gets bombarded with disappointment.

What To Know:In a new note to clients Tuesday morning, Wilson issued a stark warning about the challenges facing U.S. equities and the likely outcome of what's ahead.

"The risk-reward for stocks is extremely poor, particularly with a Fed that is likely far from done, and earnings expectations that are 10-20% too high. It's time to head back to base...

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