Mike Wilson Doubles Down: Rally ‘Just Another Bear Market Trap’

"Reality" is coming for 2023's early stock rally. That's according to Morgan Stanley's Mike Wilson, who last week warned that the bank's earnings model suggests profits are likely to contract more sharply than analysts and investors expect. In a Monday note, Wilson reiterated the point. "Cost growth is rising faster than sales growth for ~80% of S&P 500 industry groups [and] as a result, margin pressure is worsening," he said. As a reminder, profit growth for corporate America is expect

Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today

View subscription options

Already have an account? log in

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

2 thoughts on “Mike Wilson Doubles Down: Rally ‘Just Another Bear Market Trap’