Morgan Stanley’s Mike Wilson said liquidity is the main near-term risk for U.S. stocks, citing sharp declines in key liquidity measures. According to NS3.AI, Wilson said the Reserve Management Plan has fallen about 75% from its peak, while Treasury buybacks have shrunk by 50%.
Wilson said he expects July trading to be volatile and that markets could see a pullback.
STOCKS | Morgan Stanley’s Mike Wilson Flags Liquidity as Near-Term Risk for U.S. Stocks
2026-06-23 00:53:15
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