Three Clearing Events To Capitulation: Morgan Stanley's Wilson Says The Correction Isn't Done Yet

Morgan Stanley's Mike Wilson has good news and bad news.

The good news: the correction that started in June is, in his view, "now in its final stages, with much of the damage already done beneath the surface." The bad news: there are still three "clearing events" ahead, and they may need to make things worse before they make them better.

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