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.

Source: https://www.bloomberg.com/news/articles/2019-05-30/gorman-says-no-collapse-in-stocks-coming-but-more-declines-loom?fbclid=IwAR2C3wRzpRp7KXSS7sMQ6oQ_RcuTF2VBm1AItw6uyY653vNNT7QtabyDT7I

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