Morgan Stanley’s Wilson Says December to Be Rocky for Stocks
- Expects equity volatility before seasonal support next month
- Says investors expect Fed pivot amid healthy growth outlook
Michael Wilson
Photographer: Christopher Goodney/BloombergThis article is for subscribers only.
US stocks are headed for a rocky end to the year after rallying in November as bond yields fluctuate, according to Morgan Stanley’s Michael Wilson.
The strategist — who remained broadly bearish this year even as the S&P 500 gained nearly 20% — said in a note that December could bring “near term volatility in both rates and equities” before more constructive seasonal trends as well as the so-called “January effect” support stocks next month.