US stocks ‘to hit bumps’

Investors chasing the US equity rally should pull back as the S&P 500 Index bumps up against key technical levels on charts and the earnings season will probably bring more bad news, warned Mike Wilson, Morgan Stanley’s chief US equity strategist.
That double hurdle is likely to send the S&P 500 back to its December lows at around 2,350, Wilson said in a research note.