A labor slowdown could ruin America's soft-landing hopes and cause a 10% stock correction, Morgan Stanley CIO says
Bloomberg TV
- A weakening jobs market could trigger a 10% stock correction, says Morgan Stanley CIO Mike Wilson.
- He told Bloomberg that if non-farm payrolls fall under 100,000, it could break the soft-landing narrative.
- Other risks include inflation or a Treasury yield jump, set off by US fiscal fears, Wilson said.
The job market could make or break stocks, with any sudden weakness possibly triggering a meaningful correction, Morgan Stanley CIO Mike Wilson told Bloomberg TV.
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