A weakening jobs market could trigger a 10% stock correction, says Morgan Stanley CIO Mike Wilson.
He told Bloomberg that if non-farm payrolls fall under 100,000, it could break the soft-landing narrative.
AdvertisementThe job market could make or break stocks, with any sudden weakness possibly triggering a meaningful correction, Morgan Stanley CIO Mike Wilson told Bloomberg TV.
Mike Wilson said.
For this reason, current market highs make sense, he told Bloomberg, as investors load in on quality on growth trades.
Persons:
Morgan Stanley, Mike Wilson, Wilson, —
Organizations:
Bloomberg, Treasury, Service, Federal Reserve