Stocks are likely to see a 10% correction as earnings weaken and election uncertainty swirls, Morgan Stanley CIO says
Stocks are poised for a 10% correction as the outlook for corporate earnings looks weak, according to Morgan Stanley's Mike Wilson.
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- Stocks are likely to drop around 10% between now and the November election, Morgan Stanley predicted.
- That's because corporate earnings look weak and need several catalysts to improve, the bank's Mike Wilson said.
- Other forecasters have sounded the alarm for a soon-to-come correction as stocks look overvalued.
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