The stock market is underestimating sticky cost inflation that's eating away at company profits, says Morgan Stanley's Mike Wilson

markets.businessinsider.com/news/stocks/stock-market-inflation-sticky-falling-earnings-mike-wilson-morgan-stanley-2023-1

Morgan Stanley chief equity strategist Mike Wilson.
Bloomberg TV
The market is in worse shape now as sticky inflation is eating into company profits, says Morgan Stanley's Mike Wilson.
He warned the market is underestimating businesses' inability to balance out costs and revenue.
"We think the market is in worse shape," Wilson said in a CNBC interview on Tuesday.
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This story appeared on businessinsider.com, 2023-01-25.
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