Wall Street ends lower ahead of economic data, earnings

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Go back to Wall Street ends lower ahead of economic data, earnings

'Very Strong' Dollar is Yet Another Headwind for Earnings, Warns Morgan Stanley’s Wilson

July 11, 2022 9:16 AM EDT

Michael Wilson, Morgan Stanleys top U.S. equity strategist, has once again urged the banks clients to remain defensively positioned given mounting headwinds for earnings.

In addition to inflation, geopolitical conflicts, recession fears, and aggressive central bank tightening, Wilson also sees a very strong U.S. dollar as yet another headwind for... More