Morgan Stanley forecasts S&P500 as low as 3300 by year-end 2023 | Forexlive

Morgan Stanley US chief equity strategist Mike Wilson spoke on Bloomberg TV.

He outlined his:

• base-case scenario for the S&P 500 to end the year at 3,900
• bull case is 4,200
• bear case is 3,600

On the way he expects a low of 3,000 to 3,300 for the cycle.

Citing:

• The earnings situation is way worse than what the consensus thinks
  
• The banking stress only makes us even more confident of that

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Wilson has been a persistent bear.