Morgan Stanley says the market correction won't end until investors cut risk exposure

  • 📰 CNBC
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 72%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

New for subscribers: Morgan Stanley says the market correction won't end until investors cut risk exposure. Check out CNBCPro today.

The major averages are coming off their worst week since October as a retail trading frenzy spooked investors, and Morgan Stanley believes there's more downside ahead."We don't think the correction is over until leverage is reduced further by both institutional and retail investors," Michael Wilson, Morgan Stanley's chief equity strategist, said in a note to clients.

"While this correction is likely to get worse and feel bad in the short term, this is not a bubble or like 2000 for many reasons," he said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Pro amd gme boostthesignal Buy the dips if you're buying, this a marathon, don't buy all at once, a better price may come with the next dip. 10 is the dip. That's vague enough right? Also please 🙏 we need to knock silver off trending RETWEET !

Pro You guys are a joke....nobody takes you seriously....all your posts have alterior motives SuperSteveYoung

Pro HOLD.THE.LINE.

Singapore Singapore Latest News, Singapore Singapore Headlines