"Wall Street's Biggest Bear Predicts End-of-Year Stock Rally"

Wall Street strategist Mike Wilson, known for his bearish outlook, predicts that U.S. stocks could experience a year-end rally, although he still believes that stocks will end the year lower than their current levels. Wilson points to technical breakdowns in the average stock, cautious factor leadership, declining earnings revisions, and fading consumer confidence as factors supporting his projection of a 10% decline in the S&P 500 by the end of 2023. However, he acknowledges that many investors are still betting on stocks, which could contribute to a rally in the fourth quarter. Wilson's previous predictions have not always come true, and he has reflected on why his projections missed the mark. Other Wall Street analysts have also taken a cautious stance on stocks, with some predicting a potential nosedive of 20% or more.