Wall Street strategists from Morgan Stanley, Deutsche Bank, and Evercore ISI are warning investors to brace for a near-term stock market pullback, according to Bloomberg. Morgan Stanley’s Mike Wilson forecasts up to a 10% correction this quarter as tariffs pressure consumers and corporate earnings. Evercore’s Julian Emanuel sees a potential 15% drop, while Deutsche Bank notes a modest drawdown is overdue after months of equity gains. Wall Street warnings of a market pullback follow fresh concerns about the U.S. economy, including rising inflation, slowing job growth, and weaker consumer spending. August and September have historically been the S&P 500’s worst-performing months, averaging a 0.7% loss compared to gains in other months. All three firms maintain a longer-term bullish outlook and advise clients to buy any dip, particularly in AI-focused sectors.
