Morgan Stanley Sees “Greater Risk For A Correction Than We’ve Seen In A While”…But There’s A Catch

Jon Alternative Media, Blogosphere, Economy, Fiscal Policies, Government, Market Commentary

As U. S. equity markets casually melt up to all new highs with each passing day, Morgan Stanley Equity Strategist Michael Wilson, whose 2,550 year-end price target from back in August was just breached in a matter of months, says he’s getting somewhat concerned given Fed tightening, tax cut legislation that looks increasingly unlikely to pass, USD strengthening and extreme levels in pretty much every economic indicator which will make future improvement nearly impossible.
Given that, Wilson says he now sees “a greater risk for a correction than we have seen in a while…”

This post was published at Zero Hedge on Oct 16, 2017.