Sell In May? Morgan’s Mike Wilson Says ‘No.’ Here’s Why…
Sell in May and go away?
Not if you're Morgan Stanley's Mike Wilson, a name that will be familiar to some market participants. It was Wilson, you're reminded, who famously predicted the Q4 2018 tech rout, garnering a reputation for being persistently bearish (as opposed to rationally bearish) in the process.
But Wilson isn't bearish right now. In fact, he's still bullish, even after stocks' furious run from the March bear market lows. His rationale is simple enough. To wit, from a Monday note:
Good point by Mike Wilson regarding the 200-WEEK MA down near 2,650. Seems like it will take some reeaalllly bad news to break down through that support level.
…I mean, you know, other than 30 million jobs lost, 67,000 deaths, no earnings visibility, the inability to go anywhere safely. Worse than all that.
Well said
Using debt to pay dividends does not increase the enterprise value. Only true growth that results in higher FCF and higher dividends does.
All we need is over-indepted companies to add more debt.
More cowbell baby!!!