US markets in ‘death zone’ – Morgan Stanley

US stocks have soared to unsustainable highs and could crash 26% within months, Morgan Stanley’s top strategist has warned.

In an analyst note the bank’s chief US equity strategist, Mike Wilson, said that the current level of stock valuations could be compared to the “death zone,” a term in mountaineering describing an altitude so high that climbers do not have enough oxygen to breathe.

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