‘Ripe for another correction’: US stocks could tumble 12% by year-end as the vaccine-driven rally gets exhausted, Morgan Stanley’s investment chief says

Summary List Placement The S&P 500 could tumble by as much as 12% in one last sharp sell-off before the end of the year, according to Morgan Stanley’s chief investment officer, Mike Wilson. “Price action appears exhaustive and the market seems ripe for another correction,” Wilson said on Monday. Along with an exhausted vaccine-driven rally,…

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US stocks fall from record heights as virus concerns persist

Summary List Placement US stocks slid from record heights on Tuesday amid continued investor concerns surrounding the COVID-19 pandemic and a lack of additional fiscal stimulus. Daily COVID-19 cases continue to rise in the US and around the globe, and lockdown restrictions are intensifying in states like California and Michigan. Another round of fiscal stimulus…

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