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Analyst Who Nailed 2018 Has Same S&P 500 Forecast for 2019

  • Mike Wilson at Morgan Stanley warns of profit recession risk
  • Downgrades industrial stocks, upgrades consumer staples, REITs
Bloomberg business news
Economist Wilson Says the 'Fed Is Going All the Way This Time'
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Mike Wilson, the biggest equity bear on Wall Street whose prediction has proved prescient this year, has a similar outlook for 2019.

The chief U.S. equity strategist at Morgan Stanley forecast that the S&P 500 will end next year at 2,750, the same level he forecast for 2018. That’s about 3 percent above the index’s current level. With five weeks to go for the year, Wilson’s is by far the closest of all estimates to coming true.