Skip to content

Morgan Stanley Says ‘Bear Market Rally’ Is Now Over

  • Strategist sees concerns over growth taking center stage
  • Bearish view contrasts sharply with JPMorgan’s bullish call
Updated on

The recent rebound in equity markets will prove short-lived, one of Wall Street’s most vocal bears said on Monday, advising investors to seek refuge in bonds as economic growth slows. 

“The bear market rally is over,” Morgan Stanley Chief U.S. Equity Strategist Michael Wilson wrote in a note to clients. “That leaves us more constructive on bonds than stocks over the near term as growth concerns take center stage – hence our doubling down on a defensive bias.”