The Dow Jones Industrial Average lost 0.8% at 1:30 p.m. ET Tuesday, ahead of Big Tech earnings news. Several tech stocks flashed sell signals ahead of earnings. Health care stocks gained while Dow fell after earnings. Read More...
Tough Market? Consider These Stocks, Morgan Stanley Says
Everyone is talking up the prospect of a recession. Mike Wilson, chief U.S. equity strategist at Morgan Stanley, is chief among them. Wilson warns that the Fed’s current restrictive monetary policy portends downside risks that are not priced in the market – and could even spark a recession on the scale of 2008’s crisis. Wilson sees corporate earnings (which are already down in Q1 of this year) as unlikely to bottom out until the third or fourth quarter. In Wilson’s view, the lag between Fed poli