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The bears are represented by Morgan Stanley’s Mike Wilson, who argues the bond market will end up being the source of the problem.

 “There is a threshold where rates get to a point where market says, oh gosh, we’re not getting the cuts, and financial conditions are actually going the wrong way again, and I’ve got too much risk on,”  

 “We get bond vol. Then we get equity vol. And that’s how it happens. It doesn’t have to be a crash, but that’s a correction.”












‘Magnificent Seven’ shed $233 billion in market cap, dragging down the stock market

‘This isn’t some panic selling,’ says Michael Sansoterra, chief investment officers at Silvant Capital Management

MarketWatch 5 March 2024

https://www.marketwatch.com/story/how-morgan-stanleys-bearish-strategist-may-be-right-for-the-wrong-reason-e731ff6e

 






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