Wall Street slips as investors eye Russia, Fed hikes, quarter-end

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Go back to Wall Street slips as investors eye Russia, Fed hikes, quarter-end

Risks for major correction 'rarely been higher' says Morgan Stanley's Wilson

June 26, 2023 8:26 AM EDT

In his US equity strategy note Monday, Morgan Stanley's Michael Wilson told investors that they believe "risks for a major correction have rarely been higher."

"In our view, the headwinds significantly outweigh the tailwinds," wrote Wilson. "Our highest conviction view remains our well below consensus forecast for earnings... More