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Morgan Stanley strategist Wilson says this is just a bear market rally

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The recent uptick in stocks could be short-lived as technical and fundamental support are still absent, Wilson said.

Recent stock market strength may be short-lived, according to Morgan Stanley chief investment officer and U.S. equity strategist Mike Wilson. Wilson wrote in a Monday note that despite stocks recently bouncing from lows and capping their best week of the year on Friday, the uptick isn't a sign of a longer-term trend. Before last week, stocks had tumbled more than 10% from their July high to an October low.

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Morgan Stanley insists this is just another bear market rallyMorgan Stanley insists this is just another bear market rally
Fonte: Investingcom - 🏆 450. / 53 Consulte Mais informação »