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U.S. stock investors should brace for a market that will be paralyzed for several years in a narrow trading range, according to one team of analysts on the Street, and as reported by CNBC.
Investors are already in the midst of a "rolling bear market" that will push the S&P 500 down as much as 17% and no higher than 4% from today's levels, Morgan Stanley's chief equity strategist, Michael Wilson, told clients in a recent note.
"We think this 'rolling bear market' has already begun with peak valuations in December and peak sentiment in January," stated Wilson.
Read more at:
https://www.investopedia.com/news/rolling-bear-market-will-paralyze-stocks-years-morgan-stanley/
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