Analysts revisit S&P 500 forecasts amid recession worry
The S&P 500 has erased all its post-election gains.
U.S. shares may fall sharply over the arriving months if recession dangers materialize, a top Wall Avenue personal cautioned Monday, as proof of weakness on this planet's best economy mounts.
Morgan Stanley’s Michael Wilson, who changed into certain on U.S. shares final yr, mentioned the present market drawdown, which has the Nasdaq in correction territory and the S&P 500 suffering its best weekly decline in six months, is liable to final except the heart of the yr.
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