Morgan Stanley warns investors are in more danger of a market wreck than they realize and pinpoints one sector to stay safe
|06/19/2018||Posted by BusinessMediaguide.Com under General World News||
- Investors are taking on more risk in the stock market than is obvious, said Michael Wilson, the chief equity strategist at Morgan Stanley.
- The outperformance gap of tech companies over long-term Treasurys and the resilience of the most heavily shorted stocks are among the reasons for this view.
- It’s too early to turn defensive, Wilson said. But a risk-on asset allocation could be out of place by the end of the year.
- He upgraded the defensive utilities sector to “overweight.”
Michael Wilson, Morgan Stanley’s chief equity strategist, is among those not counting on the stock market to have another stellar read more >>>