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☆ The Morgan Stanley strategist who called the bear market says the S&P could fall to the low 3,000s
▼ + stars: | 2022-09-26 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Wilson's bear case for the S & P 500 is around 3,000, with his base case at 3,400. These estimates represent a drop of about 8% to 18% from the S & P 500's current level. The market needs time to readjust to the headwinds as the Fed attempts to control inflation through rate hikes, he said. The S & P 500 is off 23% from its high and near its lowest levels in two years. Mike Wilson, Chief U.S. Equity Strategist and Chief Investment Officer at Morgan Stanley.

☆ Steve Hanke says the chance of a U.S. recession just shot up to 80%
▼ + stars: | 2022-09-23 | by ( Su-Lin Tan | ) www.cnbc.com time to read: +3 min

watch nowThere's an 80% chance of the U.S. falling into a recession — much higher than previously predicted, according to Steve Hanke, a professor of applied economics at Johns Hopkins University. Maybe even higher than 80%," Hanke told CNBC's "Street Signs Asia" on Friday. They're looking at everything under the sun, but the money supply," Hanke said. There's an 80% chance of the U.S. falling into a recession — much higher than previously predicted, according to Steve Hanke, a professor of applied economics at Johns Hopkins University. Now the growth of M2 money supply is slowing too quickly and that could send the economy into a recession, Hanke warned.

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