Morgan Stanley’s Gorman Says Stocks Collapse Is Unlikely

Morgan Stanley Chief Executive Officer James Gorman said financial markets are fragile thanks to worries over the trade war, but a rout isn’t likely given the solid state of the economy and the probability that U.S.-China talks resume.

The probabilistic risk is the equity markets have more downside than upside,Gorman said in an interview with Bloomberg Television’s Tom Mackenzie in Beijing Thursday. The magnitude is not so big. I don’t think we’re looking at a collapse.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s