Morgan Stanley Sees Growing Risk of 20% Drop in S&P 500

Morgan Stanley Sees Growing Risk of 20% Drop in S&P 500

(Bloomberg) -- A plunge of more than 20% in U.S. stocks is looking more like a real possibility, according to Morgan Stanley strategists led by Michael Wilson.

While it’s still a worst-case scenario, the bank said that evidence is starting to point to weaker growth and falling consumer confidence.