'Boring is beautiful': Morgan Stanley's Mike Wilson says play it safe with stocks

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The strategist says he's staying defensive in light of false dawns in the bear market, and reveals the top attribute he looks for in stocks.

It's been a difficult year for stock markets. A massive sell-off in the first half that ranked among the worst in 50 years and bleak outlooks from some of the biggest U.S. companies have weighed heavily on market sentiment, with major U.S. indexes in the red this year. "We have been pretty consistently defensive all year on our general thesis that the Federal Reserve is going to be hiking aggressively and that growth was going to disappoint.

He added that cyclical parts of the market, such as tech, continue to look "vulnerable" to him. Most important quality How should investors position themselves against such a backdrop? Wilson said companies with operational efficiency are likely to do well in the current environment. He added that the market has been rewarding companies that can efficiently deliver profits, even if their revenues aren't "necessarily growing the fastest.

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Really? This StockMarket Bubble would be called FAANG Bubble! Per WarrenBuffett INTRINSIC VALUE formula, based on 2021 annual reports, $FB $AAPL $GOOGL $NFLX are significantly overvalued, but $AMZN is worst of them all - overvalued by 4,046% !!!

Really? Is inflation down to 2% ? Then NO pivot! DON'T FIGHT THE FED! FED would have to force StockMarket crash to fight inflation -

Really? GoldmanSuchs is dumping $147 BILLION in stocks !!! That's the reason CNBC is luring bagholders...

FJB

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