Forecasts show U.S. earnings decline in second quarter
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- US stocks close down as oil spikes 12%, job market weakens
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- Oracle stock falls on report of scrapped Texas data center plans
- Kuwait cuts oil output as storage fills up
- Boeing reportedly nearing 500-aircraft deal with China ahead of Trump visit
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Risks for major correction 'rarely been higher' says Morgan Stanley's Wilson
June 26, 2023 8:26 AM UTCIn 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
