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Morgan Stanley warns US stocks may drop 7% with rising energy costs
Morgan Stanley reports that U.S. stocks could decline by as much as 7% if energy prices continue to rise or if volatility in the bond market increases, despite strong corporate profits. The bank expects indices like the S&P 500 to drop to around 7,100 points, although some experts remain optimistic, awaiting corporate earnings to support a new upward wave toward 8,000 points by the end of the year. These warnings come amid concerns over inflation and rising yields, along with ongoing increases in oil prices and the Federal Reserve’s interest rate hikes.
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