Odaily Planet Daily News, Morgan Stanley's Chief US Stock Strategy Officer Mike Wilson said that although some believe that Trump's victory will be a negative factor for the economy and the stock market, Harris' victory may disappoint Wall Street. Polls show a 50% chance of this happening. However, Wilson also pointed out the risk of a market decline if Trump wins. He said, 'In certain market areas, if there is already excessive crowding and pricing of upward space, the 'sell the news' phenomenon may make it fragile.' (Jinshi)
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Morgan Stanley: Harris' victory could lead to disappointment on Wall Street
Odaily Planet Daily News, Morgan Stanley's Chief US Stock Strategy Officer Mike Wilson said that although some believe that Trump's victory will be a negative factor for the economy and the stock market, Harris' victory may disappoint Wall Street. Polls show a 50% chance of this happening. However, Wilson also pointed out the risk of a market decline if Trump wins. He said, 'In certain market areas, if there is already excessive crowding and pricing of upward space, the 'sell the news' phenomenon may make it fragile.' (Jinshi)