Street’s Most Recognizable Bear Warns Of Unspecified ‘Event’

If you're wondering whether Morgan Stanley's Mike Wilson is prepared to turn bullish on US equities, the answer is "no." After a rough couple of weeks, stocks managed to find their footing coming into September, but Wilson, whose bearish inclinations were mostly unbothered by the summer melt-up, isn't buying it. Figuratively or literally. His latest update was brief, and served to reinforce his contention from last month that price is now driving sentiment and positioning. "In late cycle envir