U.S. shares could see a sharp selloff later this week if Federal Reserve Chairman Jerome Powell yet again pushes back again towards expectations that the central financial institution could reduce interest premiums later this 12 months, according to a major U.S. equity strategist at Morgan Stanley.
A more “hawkish” message from Powell at Wednesday’s Fed conference could cause a “near-time period damaging surprise for equities” after two straight months of gains for the S&P 500, in accordance to Michael Wilson, Morgan Stanley’s chief U.S. fairness strategist and chief financial investment…
