On Tuesday, the chief U.S. equity strategist at Morgan Stanley said the stock market is in a 'death zone' and could drop another 26%.
. Russian president Vladimir Putin suspended the New START Nuclear Treaty and put missiles on combat readiness.
Putin said that the West partook in establishing a “despicable method of deceit” when the U.S. and other nations got involved with Syria, Libya, and Iraq. “Russia suspends its participation in the New START treaty,” Putinat the national event. The nuclear treaty, signed by former presidents Dmitry Medvedev and Barack Obama in 2010, was meant to prevent nuclear testing and war. Putin’s speech isn’t sitting well with global investors, as the Ukraine-Russia conflict has dampened the global economy.
“Many fatalities in high-altitude mountaineering have been caused by the death zone, either directly through loss of vital functions, or indirectly by wrong decisions made under stress or physical weakening that lead to accidents,” Wilson explained in his note to investors. “This is a perfect analogy for where equity investors find themselves today, and quite frankly, where they’ve been many times over the past decade.”, the U.S.
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