From Bank of America to Morgan Stanley, the Wall Street giants expect stocks to fall more than 20% next year. Here is what they said.
Three major Wall Street banks expect the S&P 500 to fall more than 20% at some point next year. U.S. stocks face a recession, earnings outlook cuts and liquidity risks as the Fed raises rates. Here’s what Morgan Stanley, Bank of America and Deutsche Bank are saying about what could drive stocks lower. Loading Something …
