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Mike Wilson

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finance2 years ago

"Mike Wilson's Stock-Market Playbook: Navigating Economic Scenarios and Top Stocks for 2024"

Morgan Stanley strategist Mike Wilson believes that the recent rally in the stock market is reflective of a "soft landing" outcome, with interest rates and financial conditions driving the increase in stock prices. He outlines playbooks for three economic scenarios, including reacceleration in nominal growth and a potential hard landing. U.S. stock futures were lower, impacted by Boeing's misfortune, while key asset performances showed mixed results. Additionally, various corporate developments and upcoming economic news were highlighted, including the start of fourth-quarter earnings season and the New York Fed's survey on inflation expectations.

via MarketWatch|
#economic-scenarios#federal-reserve#finance
finance2 years ago

"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.

via Fortune|
#finance#mike-wilson#sandp-500
finance2 years ago

"Rally in U.S. Stocks Over, Investors Seek New Story, Says Morgan Stanley"

Mike Wilson, chief investment strategist at Morgan Stanley, believes that a "new story" is needed to reignite investor excitement in stocks. Despite Nvidia's impressive earnings, the market failed to sustain a rally, signaling exhaustion. Wilson suggests that investors need to understand the long-term investment phase of artificial intelligence (AI) and not extrapolate its success to the broader market. He also notes that the market swung from being overly negative to overbought, and a new narrative is necessary to generate enthusiasm among investors.

via MarketWatch|
#finance#investors#mike-wilson
finance2 years ago

Morgan Stanley's Mike Wilson: Government Spending Saves U.S. Stocks

Morgan Stanley's chief investment strategist, Mike Wilson, acknowledges that the U.S. stock market's performance in 2023 has been better than anticipated due to "excessive" government spending and strong fiscal policy. Wilson admits to underestimating the impact of fiscal stimulus on the economy and markets. However, he raises concerns about the long-term consequences of such spending, including limited flexibility during future recessions and potential problems for corporate earnings and stocks. Despite the recent market volatility, U.S. stocks were trading higher on Monday.

via MarketWatch|
#finance#fiscal-policy#government-spending
finance2 years ago

Wall Street's Top Strategist Acknowledges Mistake in Stock Market Prediction

Mike Wilson, chief investment officer for Morgan Stanley, has admitted that he was wrong about his bearish forecast for a plunge in U.S. stocks as the S&P 500 is close to erasing its decline from 2022. Wilson had warned that the rally in equities was a mirage, but the current rally has proven too durable for his forecast. However, he remains pessimistic about 2023 earnings as inflation falls faster than expected, which could impact companies' ability to keep prices high. Despite revising his outlook, Wilson still sees warning signs ahead.

via Fortune|
#finance#mike-wilson#morgan-stanley
finance2 years ago

Morgan Stanley Investment Chief Predicts 14% Drop in Stocks Despite Unease and Disagreement.

Morgan Stanley's chief investment officer and chief U.S. equity strategist, Mike Wilson, who correctly predicted the 2022 bear market, is predicting a 14% drop in the S&P 500 in the coming year due to an "earnings recession" that hasn't been priced in and Wall Street's profit expectations being too robust. Wilson argues that falling inflation will lower corporate profits, just as rising inflation helped to increase them in 2021, and that higher interest rates are leading the economy into a "boom/bust regime" like what was seen after World War II.

via Fortune|
#bear-market#corporate-earnings#finance
finance2 years ago

Wall Street's Top Strategist and Morgan Stanley Warn Investors of S&P 500 Rally Trap

Wall Street's top strategist, Mike Wilson, warns investors to remain cautious despite the recent rally in the S&P 500, citing overvaluations and gains being driven by a limited range of equities. Wilson believes that a resolution to the U.S. debt ceiling talks may temporarily push stocks higher, but it would be a "false breakout/bull trap." While Wilson takes a pessimistic view of U.S. stocks, Bank of America strategist Savita Subramanian has hiked her year-end target for the S&P 500 from 4,000 points to 4,300, citing valuations that argue for price returns of 5% per year for the next decade.

via Yahoo Finance|
#finance#investors#mike-wilson