Chief US Equity Strategist at Morgan Stanley, Mike Wilson, foresees a potential 20% downside for select prominent technology and meme stocks, urging investors to divest from the “excessively speculative” assets that have surged in value this year. “If you hold any of these in your investment portfolio, it would be wise to liquidate them, as the current valuation does not align with logical reasoning,” he remarks during an appearance on “Bloomberg Surveillance.”
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