Source: Business Insider
Morgan Stanley US stock chief Mike Wilson is cautioning investors that the sell-off sparked by fears about the Wuhan coronavirus isn’t over. Wilson says many investors are betting on a recovery in emerging economies and their stocks, and the recovery remains shaky. That means the outbreak in China threatens their views for markets in 2020. He adds that when US bond yields start to ease, that will be a stronger buying signal for stocks. Visit Business Insider’s homepage for more stories . After fears about the Wuhan coronavirus touched off the biggest drop in months for US stocks , it might look as if investing opportunities are popping up all over. Morgan Stanley says you shouldn’t jump in to the market too soon. Mike Wilson, chief US equity strategist for Morgan Stanley, says the S&P 500 could drop another 5%. That’s because of not just the viral outbreak, but the economic fears it’s stirring up. Many investors think that emerging markets, or non-US stock markets in general , are going to do better than US equities this year.