Earnings could surprise to the downside through year-end on weakening economic conditions, says Morgan Stanley’s Mike Wilson
May 08, 2023 at 14:09 PM EDT
Softer U.S. economic data may point to weaker earnings over the next several months as corporates' pricing power will erode as inflation cools, while labor costs continue to be a headwind for private sector profits, according to Morgan Stanley’s Michael Wilson.
