Morgan Stanley CIO: The End is Nigh, or So He Chirps

In the latest installment of the Thoughts on the Market podcast, a production so sober it could sober up a sot, Wilson pontificates that the sell-off in stocks began long before the recent geopolitical fireworks. “The key point,” he intones, with the gravity of a man who has just discovered the wheel, “is that before the attacks in Iran two weeks ago, the correction in equities was already very well advanced in both time and price.” One can almost hear the collective yawn of the market, which has been grappling with more risks than a tightrope walker in a hurricane.