Morgan Stanley's Mike Wilson is sticking by his bear call — and isn't changing his mind about an earnings recession."The mistake was not the Fed tightening last year. The mistake was … the timing of the fiscal policy stimulus, which overheated the economy last year."
Indeed, optimism has reigned so far this year. The S&P 500 has had its best start to a year since 1998. The index gained 13.1 percent in the first quarter — its strongest quarterly performance since 2009. "The risk is that the profits recession turns into corporate behavioral change, which then leads to further economic slowdown," Wilson warned on"Closing Bell."
"They are actually concerned," he added."Confidence … was pretty weak in the fourth quarter last year, and they want to make sure it doesn't tip over to a recession."
The bull has been very persistent! But sure makes buying shorts that much cheaper
If MS knows so much why does their stock price suck? $42 after being at $80 in 2007. Absolutely pathetic . They should STFU .
MS just issues a profit warning.
No one knows what’s driving this vapor rally and where the buying is coming from. Trump administration did a great job of making backdoor deals to propel the market. More of mnuchin’s discussions with Xi are market manipulation, not trade deals.
Hell year, how can they not
What about $ms the extra qe of a Trillion dollars injected by the fed and the king of debt 👑 realDonaldTrump administration to artificially pump Markets, how far the fed can go into debt to maintain a Markets that can be normalize?
He got his 15m of fame 2018 bear call, now ego is bigger than his ability to make clients money.
You know where there's plenty of profits to be made? 😏
Bring on the crash, time to send the rich to their bunkers once and for all.
Will see happen
I hope so. I'd love some type of correction so can buy stocks at better prices. Don't want to get caught up in the game of chasing stocks and justifying a high multiple or above book value.
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