A top Wall Street analyst who has been predicting a “rolling recovery” after a mysterious, secretive “rolling recession” over the last three years has issued a bearish call on the back of renewed trade tensions between President Trump and China. Mike Wilson, chief U.S. equity strategist for Morgan Stanley , warned on Monday that a “larger than expected correction is likely” for U.S. equities if Trump and China fail to resolve their escalating trade tensions, as mounting uncertainty threatens the fragile early-stage bull market that began earlier this year.

Recent weeks have seen a sharp return of volatility to U.S. stock markets, with analysts at Morgan Stanley highlighting that a sudden escalation in the U.S.-China trade dispute has become the catalyst for the weakest index-level per

See Full Page