Analysts revisit S&P 500 forecasts amid recession worry
The S&P 500 has erased all its post-election gains.
U.S. stocks could fall sharply over the coming months if recession risks materialize, a top Wall Street bear cautioned Monday, as evidence of weakness in the world's biggest economy mounts.
Morgan Stanley’s Michael Wilson, who turned positive on U.S. stocks last year, said the current market drawdown, which has the Nasdaq in correction territory and the S&P 500 suffering its biggest weekly decline in six months, is likely to last until the middle of the year.
