Morgan Stanley Strategist Who Predicted Volatility Says Buy Now
Searchlight Capital's Zinterhofer Says Volatility Has Created Opportunities
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The Morgan Stanley strategist who predicted volatility would ramp up in 2018 says the damage has been done and it’s time to buy stocks.
Michael Wilson, the firm’s chief U.S. equity strategist, said the “volatility shock” that hit equity markets last week has pushed valuations down to attractive levels, with the S&P 500 Index trading at just 16 times forward 12-month earnings per share.