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Morgan Stanley’s Wilson Sees 20% Downside on Some Stocks

Morgan Stanley Chief US Equity Strategist Mike Wilson sees a 20% downside for some big technology and meme stocks, advising investors to sell the “wildly speculative” assets that have rallied this year. “If it’s in your portfolio get out of it, because that stuff has gotten revalued in a way that doesn’t make much sense,” he says on “Bloomberg Surveillance.”

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