In this video, I talk with author and economic analyst John Sneisen about the recent warning from Morgan Stanley that we'll likely see a correction in global stocks this year.
The bank recently sold off all of their junk bond holdings and the CIO Mike Wilson said this,
“While the tax cuts just enacted in the U.S. may lead to better growth in the short term, they may also bring forth the excesses we typically see before a recession — which is something credit markets figure out before equities." As a result “we recently took our remaining high yield positions to zero as we prepare for deterioration in lower-quality earnings in the U.S. led by lower operating margins.”
He went on to say,
"investors should prepare for at least one correction in global stocks this year."
Now this is happening as bubbles continue to gain pressure across the board and market manipulation meets its inevitable end.
While everything seems great, we're seeing an uneducated euphoria that we've seen far too many times before leading up to a crash.
People are flocking into decentralized assets like Bitcoin and other cryptocurrencies as well as gold and silver. This is a sign of a coming storm as individual demand moves closer towards freedom and further away from centralized manipulation.
See the FULL video report here:
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