Stocks are set to fall further in 2023, and investors haven't priced in a growth slowdown with inflation set to hammer corporate profits, Morgan Stanley CIO says

Dec 15 2022 by Business Insider

 

AP Photo/Richard Drew

"The growth slowdown is not yet priced," Morgan Stanley CIO Mike Wilson told CNBC on Thursday about the potentially rough ride lower for the S&P 500 next year.  Wilson has been warning of a potential drop in the S&P 500 to 3,000 in the first half of 2023. Inflation has peaked and falling prices will put pressure on corporate profit margins. 

Inflation is pulling back from hotter levels, but the looming US contraction has yet to be fully reflected in equities, Morgan...

Continue Reading Stocks are set to fall further in 2023, and investors haven't priced in a growth slowdown with inflation set to hammer corporate profits, Morgan Stanley CIO says