- Stocks are off to a rough start in 2022, with the S&P 500 currently down more than 10%.
- According to Morgan Stanley’s Mike Wilson, the selling isn’t over yet.
- He warned the index will fall at least another 11%, and potentially another 19%.
Stocks started 2022 by suffering their worst sell-off since the pandemic-driven crash in February and March 2020.
From its January 3 high around 4,800, the S&P 500 has fallen as much as 13.8%.
The rough four months have some believing the market has bottomed, or is at least due for a near-term rally.