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Bear Market Rally On Borrowed Time, Wilson Insists
A.I. may be "for real," but it's not going to stop a "deep" earnings downturn in the US.
That's according to Morgan Stanley's Mike Wilson, who dropped a well-timed tactical long in US equities around these levels back in December. Wilson, a bear, turned tactically bullish in October, a good call, but took profits towards the end of last year.
So far in 2023, Wilson's apprehension towards equities is enduring, his skepticism unbowed. In his latest, he juxtaposed the conditions which persisted i
