Morgan Stanley: The stock sell-off is going to get worse [MSN Money]
Morgan Stanley (MS)
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Source: MSN Money
© Provided by CNBC LLC The stock market sell-off is only going to get worse, predicts Morgan Stanley's chief U.S. equity strategist, Mike Wilson. In a note to clients Monday, he wrote that the pain is not over for growth, discretionary and tech stocks, which been the final holdouts until last week. We continue to believe we are in the midst of a rolling bear market across all global risk assets caused by a drain in liquidity and peaking growth, Wilson said. Load Error Sooner or later, the rolling bear will likely be back for more. On Monday, U.S. stocks failed to bounce back from last week's sell-off. The Dow Jones Industrial Average closed 89.44 points lower, while the S&P 500 fell 0.6 percent and the Nasdaq Composite dropped 0.9 percent. The action followed last week's rout that saw the major indexes suffer their worst weekly loses since March thanks to fears about rapidly rising interest rates and a possible global economic slowdown. Wilson said l
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