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Mike Wilson Not Impressed By Stock Rally
Equities will have to try a little harder (and probably a lot harder) if they want to make a believer out of Morgan Stanley's Mike Wilson.
"While we will keep an open mind, the move thus far looks more like a bear market rally rather than the start of a sustained upswing," Wilson wrote Monday.
US shares are, of course, coming off their best week in a year. The S&P rose nearly 6% last week, spurred on by an outsized drop in long-end US yields. As discussed at length across at least half a d
i’ve sort of missed the deep posts on mechanical flows … not enough folks can talk about it and be understood – myself included, sadly. Flows are seriously going to matter into EOY, imho
What do you mean “missed” them? They haven’t gone anywhere. We published probably five last week alone.