Things Are Going To Get Worse Before They Get Better...

US stocks mostly finished lower on Friday as tech shares fell and volatility surged, despite earnings from three major banks – JPMorgan, Wells Fargo and Citigroup helping to offset some of the negative sentiment. Morgan Stanley’s Mike Wilson sees a rebound in earnings in the latter half of 2024 but for now, his message to investors is stick to the stock picker’s playbook as things are going to get worse before they get better. The downward slide in US equities after the market peaked in July is set to continue with the catalysts for more declines already in place, according […]