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Tuesday, September 27, 2022

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Morgan Stanley, Goldman Say Stocks Have Yet to Find a Bottom

For Morgan Stanley’s Michael J. Wilson, the odds of a US recession continue to increase, with the broker’s model showing a 36% probability in the next 12 months, while other warnings include rising jobless claims and falling job openings. “Counter-trend rally may continue, but make no mistake, we don’t believe this bear market is over, even if we avoid a recession,” he wrote in a note on Monday.

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