US Stock Market Rally at Risk, Warns Morgan Stanley and Strategist

Morgan Stanley's chief US equity strategist, Michael Wilson, warns that the US stock market's recent rally is likely to fizzle out due to higher interest rates taking a toll on the economy. Wilson believes that the Federal Reserve's aggressive tightening campaign could trigger other surprising problems, and investors are likely to face "more negative surprises" in the coming months. Wilson previously warned that the benchmark S&P will tumble about 20% over the course of the year due to an earnings recession and continued fallout from the banking crisis.