Morgan Stanley’s Wilson Says Chance of Recession Still Below 50%
- ‘It’s not our base case, it’s our bear case,’ strategist says
- Risk-reward for investing in S&P 500 remains ‘pretty poor’
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Morgan Stanley’s Mike Wilson, a stock-market bear who predicted this year’s selloff, isn’t yet ready to join the growing chorus of prominent Wall Street voices saying a US recession is inevitable.
“It’s not our base case, it’s our bear case,” the firm’s chief US equity strategist told Bloomberg Television Thursday. “We’re still not quite there yet.”