S&P To Fall 10% By ‘Ice’ Or By ‘Fire’: Morgan’s Wilson

One way or another, a 10% correction is probably in the cards for US equities. That's one takeaway from the latest by Morgan Stanley's Mike Wilson, who still enjoys some residual credibility when it comes to calling pullbacks thanks to his prescient prediction of a "proper rainstorm" just prior the mini-bear market that unfolded in late 2018, following Jerome Powell's "long way from neutral" communications faux pas. I probably identify Wilson with that episode too often -- as if he's never sai