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In an interview with Bloomberg Television, Morgan Stanley’s Mike Wilson said the current bear market in U.S. equities could be over sooner than investors think.
Chief U.S. Equity Strategist and Chief Investment Officer for Morgan Stanley, Wilson, a stock market skeptic who predicted the downturn this year, stated that they ultimately believe the “bear market will be over probably sometime in the first quarter.”
However, he warned this is “subject to revision,” and if the market starts “trading off again and the S&P 500 blows through 3,650 on the downside,” they will be bearish again.
Bloomberg stated Wilson was ranked the best portfolio strategist in the latest Institutional Investor survey.
Earlier this week, he confirmed that the firm sees stocks grinding higher as markets begin to believe inflation and interest rates will transition lower. Morgan Stanley’s CIO sees the S&P 500 rebounding up to 15% if it slides under its 200-week moving average of around 3,600.
