US stocks have risen to unsustainably high levels and are facing once investors realize that the will likely not pivot later this year, according to a group of Wall Street strategists.Morgan Stanley chief US equity strategist Michael Wilson issued a note this week arguing that the market has entered a level called the 'death zone,' which in mountain climbing is the term used to describe an altitude so high that climbers can't get enough oxygen. 'Either by choice or out of necessity, investors have followed stock prices to dizzying heights once again as liquidity (bottled oxygen) allows them to climb into a region where they know they shouldn't go and cannot live very long,' he wrote to investors.
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