Morgan Stanley’s Wilson Says Bear Market May End in Early 2023
- ‘Will probably be over sometime in the first quarter’: Wilson
- Strategist got top ranking in Institutional Investor survey
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Morgan Stanley’s Mike Wilson, a well-known stock market skeptic who correctly predicted this year’s slump, believes the bear market in US equities may conclude sooner than investors think.
“We think ultimately the bear market will be over probably sometime in the first quarter,” Wilson said in an interview on Bloomberg Television. “All of this is subject to revision. I want to make clear, if the market starts trading off again and the S&P 500 blows through 3,650 on the downside, we will be bearish again.”