Mike Wilson sees the S&P 500 finishing 2021 at 4000, a roughly 10% drop from current levels. He said the index could dip even further before year-end.
Tech stocks that dominate the S&P 500 face headwinds that could pose a risk to the broader market, according to Morgan Stanley Wealth Management.
The S&P 500's stellar rally leaves it vulnerable as investors worry over inflation and economic growth slows, Deutsche Bank analysts said.
Morgan Stanley CIO Mike Wilson says bullish market news has been "baked in" and earnings estimates for next year aren't "achievable."