Business

The stock market is underestimating sticky cost inflation that's eating away at company profits, says Morgan Stanley's Mike Wilson

Morgan Stanley chief equity strategist Mike Wilson. Bloomberg TV
The market is in worse shape now as sticky inflation is eating into company profits, says Morgan Stanley's Mike Wilson.
He warned the market is underestimating businesses' inability to balance out costs and revenue.
"We think the market is in worse shape," Wilson said in a CNBC interview on Tuesday.
US financial markets are underestimating the extent to which company profits may fall as inflation remains sticky, according to Morgan Stanley chief equity strategist Mike Wilson. In an interview with CNBC on Tuesday , the...
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Don't pile into stocks because there'll be a 10% correction in the S&P 500 by summer, JPMorgan hall-of-famer strategist says

10 days ago | By Business Insider

JPMorgan's top strategist Marko Kolanovic. Hollis Johnson/Insider
Investors should avoid US stocks for the next six months, according to JPMorgan's top strategist.
"Things have to get worse before they can get better," Marko Kolanovic said Tuesday.
The strategist expects the S&P 500 to fall 10% - or even more - in the first half of this year.
Investors should stay away from US stocks for the next six months, as the threat of a recession and the Federal Reserve's rate hikes are still likely to weigh on equities, according to JPMorgan's top strategist. Marko Kolanovic said Tuesday he is now...
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