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Sunday, June 23, 2024

Stocks are headed for a ‘boom-bust’ fallout as falling inflation sparks an earnings recession, Morgan Stanley’s CIO says

Stocks are still headed for a sharp earnings recession as falling inflation chokes corporate profits, Morgan Stanley’s chief investment officer Mike Wilson warned in a new client note. Wilson, who has sounded the alarm for an profit recession for months, reiterated his view that the market is in the …

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