Markets Insider/Shalini Nagarajan/4-26-2022
“The S&P 500 is set to join the bear market within weeks, as it faces a sharp pullback amid fears of aggressive Federal Reserve policy and soaring inflation, according to Morgan Stanley’s top US equity strategist.”
USAGOLD note: Morgan Stanley unexpectedly joins the bears …… The firm’s top equity strategist Mike Wilson says that inflation has “likely peaked” (we disagree), and some see that as bullish for stocks. “We would like to send a clear warning,” he says, “Be careful what you wish for.”
