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Get Ahead Of The Market: Morgan Stanley Issues Ominous Warning


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Increasing interest rates, the highest inflation recorded in 40 years, and geopolitical fractures don’t bode well for the economic scenario heading into 2023…

To top this all off, sources claim that 20% of companies listed on the S&P 500 cannot pay their current expenses with cash on hand.

It seems all but certain that we are headed into a recession, the only question remains: how bad will it be?

Markets are currently in disarray, with stocks recording the lowest prices in nearly 2 years, digital assets down by an enormous margin, and the housing market showing signs of implosion.

Certain sources are predicting a full-on recession, while others claim that this will lead the U.S. into depression territory…

Morgan Stanley’s CIO, Mike Wilson, had this to say in a recent CNBC interview:

His warning appeared in this The Epoch Times article:

“We think it’s unavoidable … to avoid an earnings recession and that’s what matters for stocks,” Wilson said, with his remarks coming on the same day that the so-called Wall Street fear gauge soared to its highest level since mid-June when U.S. equities last hit a bear market bottom.

 

CBS News had more bad news:

Fed Chair Jerome Powell made that amply clear last week when the central bank projected its benchmark rate hitting 4.4% by the end of the year — even if it causes a recession.

“There will very likely be some softening of labor market conditions,” Powell said in his September 21 economic outlook. “We will keep at it until we are confident the job is done.”


 

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