Dow Futures Bleed Out as Morgan Stanley Rings Recession Alarm

Home » U.S. Business News » Dow Futures Bleed Out as Morgan Stanley Rings Recession AlarmBy CCN Markets: Dow Jones futures extended losses in early trading Wednesday after Morgan Stanley cautioned investors over a possible recession.Even with Federal Reserve rate cuts on the horizon in July, Morgan Stanley equities strategist Michael Wilson warned it might be too little, too late to prevent a recession.“Fed could cut as soon as July but it may not halt slowdown/recession.”The Dow Jones Industrial Average (DJIA) is heading for a weak open on Wednesday. But the July rate cut might come too late to stem the bleeding.Why You Should Not Underestimate The Severity Of The Coming Recession https://t.co/Nwc6N89pLM— zerohedge (@zerohedge) June 8, 2019Wilson urged his clients to act with caution, recommending they start building defensive plays into their strategy.“Investors should continue to skew portfolios defensively.”It suggests the Dow’s latest rally is a fake out, powered by unrealistic expectations of monetary easing.Morgan Stanley’s broader evaluation of the stock market is equally gloomy.