Tuesday, 31 July 2018 09:01

Morgan Stanley Says Big Equity Meltdown Coming

Written by
Rate this item
(2 votes)

(New York)

Just a day after Citi and Goldman Sachs warned of a market correction, Morgan Stanley has gone on the record with an even more stark warning. The bank says that an even stronger correction than February is looming and that the selloff is is imminent and has “just begun”. MS says that we are in the midst of a “rolling bear market”, and that almost every sector has been de-rated. Investors are unprepared for the big losses in tech, and the market has little to look forward to. Morgan Stanley says the drop will be bigger than earlier this year “if it’s centered on Tech, Consumer Discretionary, and small caps, as we expect”.

FINSUM: This is an even more stern warning than what we ran yesterday, and more specific too. Tech is already having a meltdown, but what really caught our eye was the threat to small caps, which have been on a great run.

Contact Us



Subscribe to our daily newsletter

We use cookies to improve our website. By continuing to use this website, you are giving consent to cookies being used. More details…