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Morgan Stanley’s Market Bear Forecasts a Grim 2019

Posted by Metals Corporate on

By John McDonald The man widely considered to be “Wall Street’s most bearish analyst” says 2019 is shaping up just as he predicted, and that means big risks for investors in the markets. Morgan Stanley chief investment officer Mike Wilson recently described the U.S. economy as “running on fumes,” despite recent upward surges in the stock market. “The macro and microeconomic data continue to deteriorate,” Wilson wrote, citing soft jobs numbers, soft retail earnings, and overall soft metrics. He added investors counting on the Fed to lower interest rates and keep the economic cycle spiraling upward are making a mistake....

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