Morgan Stanley Warns Stocks Could Fall Another 20% or More
newscatcher
2023-01-14 19:30
Morgan Stanley Warns Stocks Could Fall Another 20% or More
A lot of investors were happy to wave goodbye to 2022, Wall Street's worst year since 2008. The S&P finished down 19.4%, while the tech-centered Nasdaq shed 33.1%. The blue-chip focused Dow Jones did better, losing just 8.8% across the year. Unfortunately, a number of senior investment bankers predict 2023 could bring more stock market woes. Most recently, Morgan Stanley Chief U.S. Equity Strategist & Chief Investment Officer, Michael Wilson, said he thought the S&P 500 could drop by another 22% in 2023.

https://www.fool.com/the-ascent/buying-stocks/articles/morgan-stanley-warns-stocks-could-fall-another-20-or-more/

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