Mike Wilson Says the Rally Could be Over
Call of caution on Wall Street. Many major strategists say the recent rally could be over. Morgan Stanley's Mike Wilson says markets will end up pricing a much lower view than the consensus and reverse their gains. Jay Pelosky of TPW Advisory shares his views on "Bloomberg The Open." Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com Connect with us on... Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness/ Instagram: https://www.instagram.com/quicktake/?hl=en
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Stocks slipped again on Wall Street. The S&P 500 fell 0.6% Monday, its second straight fall after a stunningly strong report on the jobs market dented the market’s hopes that interest rates would ease.
The S&P 500 fell 2% Tuesday for its sharpest drop since the market was selling off in December. The Dow lost 697 points.Â
