Trump-China Trade War Risks Major Stock Market Correction, Morgan Stanley Warns
Morgan Stanley’s chief equity strategist Mike Wilson warns U.S. stocks face a “larger than expected correction” if Trump and China don’t resolve trade tensions. The S&P 500 could decline 10-15% as trade policy uncertainty drives volatility. Semiconductor and China-exposed stocks are particularly vulnerable.
A leading Wall Street analyst is warning that U.S. stocks face a “larger than expected correction” if President Donald Trump and China fail to resolve their escalating trade tensions. Mike Wilson, chief U.S. equity strategist at Morgan Stanley, issued the bearish forecast Monday as renewed trade war threats jeopardize the fragile bull market that began earlier this year.