The bottom of the bear market is still 10% away, Morgan Stanley Wealth Management says. And the odds of a recession have doubled, too

The bottom of the bear market is still 10% away, Morgan Stanley Wealth Management says. And the odds of a recession have doubled, too

The stock market is off to one of its worst starts ever this year, with the S&P 500 falling more than 20% year to date. It’s a rout that has left many investors wondering when they will be able to “buy the dip.”

Morgan Stanley Wealth Management’s Lisa Shalett says don’t hold your breath.

The chief investment officer believes stocks have more room to fall as many companies have yet to change their earnings forecasts after the Federal Reserve’s decision to increase the pace of its…


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