Sagarika Jaisinghani

(Bloomberg) -- Morgan Stanley’s Michael Wilson — among the most bearish voices on Wall Street — expects the debate around raising the US government’s $31.4 trillion borrowing limit to trigger some sharp swings in equity markets.Most Read from BloombergTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffRemote Work Comes With Daytime Drug and Drinking HabitsSea’s Path to Profit Paved With Layoffs, Single-Ply Toilet PaperJeffrey Epstein Keeps Haunting Wall Street Long After His DeathMost

A U.S. default risks triggering a market selloff, spike in borrowing costs and blow to the global economy that could rival the 2008 crash.

El estratega de Morgan Stanley Michael Wilson —una de las voces más bajistas de Wall Street— cree que el debate sobre el aumento del límite de endeudamiento del Gobierno de Estados Unidos, de US$31,4 billones, desencadenará bruscas oscilaciones en los mercados de valores.

If you want to catch the brisk recovery rally in tech stocks this year, you’d better buy shares exposed to artificial intelligence, such as Nvidia Corp., or cloud computing and avoid the popular behemoths like Apple Inc., Google-parent Alphabet Inc. and Meta Platforms Inc.

Don’t be fooled into believing that the rally in US stocks is the beginning of a new bull market, according to Morgan Stanley’s Michael Wilson.

European stocks slipped as data painted a mixed picture of economic growth, while eyes still remained on US debt-ceiling negotiations that are aimed at averting a catastrophic default.

The three-year run of investors pouring cash into stocks has run out of steam, according to a note from Bank of America Corp.

Tech stocks’ 31% rally this year is at risk of petering out as positioning suggests investors are likely to take profits, say Citigroup Inc. strategists.

The buzz around artificial intelligence has investors pouring a record amount of money into tech stocks, Bank of America Corp. says.

European stocks may drop as much as 10% over the next few months.