---
title: "Morgan Stanley: U.S. stock investors should remain cautious in the short term"
description: "Morgan Stanley's Michael Wilson stated that U.S. stock investors should remain cautious in the short term due to risks from trade tensions and a slowdown in earnings revisions. The S&P 500 index has n"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/261869180.md"
published_at: "2025-10-20T11:21:50.000Z"
---

# Morgan Stanley: U.S. stock investors should remain cautious in the short term

> Morgan Stanley's Michael Wilson stated that U.S. stock investors should remain cautious in the short term due to risks from trade tensions and a slowdown in earnings revisions. The S&P 500 index has not yet recovered from the losses earlier this month, and the credit market has shown cracks due to regional bank loan issues, increasing market panic. The report noted that it is necessary to wait for a de-escalation in trade tensions, stabilization of earnings per share revisions, and improvement in market liquidity before confirming that there is no further risk of a pullback

Morgan Stanley's Michael Wilson stated that U.S. stocks still face unresolved risks from trade tensions and a slowdown in earnings revisions, and investors should remain cautious in the short term. The S&P 500 index has not yet recovered the losses from earlier this month. Meanwhile, as the earnings season fully unfolds, earnings revisions are gradually slowing down. Additionally, after two regional banks faced crises due to loan issues, cracks have appeared in the credit market, further exacerbating market panic. The strategy team wrote in a report: "Before declaring that there are no further risks of a pullback in the short term, it is essential to see a clear easing of trade tensions, stabilization in earnings per share revisions, and more ample market liquidity — these points are crucial."

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.