The Wall Street bank’s chief strategist says equities may fall another 22% from current levels US stocks are expected to undergo much sharper declines than most of the pessimistic projections outlined, according to Michael Wilson, Morgan Stanley’s chief US equity strategist, as quoted by Bloomberg. In a research note seen by the agency, the analyst said that the recession would exacerbate the biggest annual decline in the equity market since the global financial crisis. Wilson added that the S&P 500 could drop much lower than the 3,500 to 3,600 points that the market is currently estimating, in the event of a mild
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