Investors may need to tighten their seatbelts as the second quarter approaches. Morgan Stanley’s chief US equity strategist, Mike Wilson, says a near-term retreat in US stocks is likely before the market finds its footing again. While the longer-term outlook remains constructive, the coming weeks may test the nerves of even the most seasoned traders, he told CNBC in an interview this week. Wilson believes the S&P 500 will see a notable dip in early April, marking a period of heightened volatility that could shake out “lower quality” names across the board. Why Wilson expects US stocks to struggle in early April Wilson’s cautious view is based primarily on a “perfect storm” of geopolitical tensions and macro-economic uncertainty. On “Squawk...
Mike Wilson explains why US stocks may tumble in early April