Morgan Stanley’s Wilson Sours on US Earnings Amid Growth Jitters

(Bloomberg) — One of Wall Street’s biggest bears is turning even more pessimistic on the outlook for US earnings against the backdrop of a slowdown in economic growth. Most Read from Bloomberg Morgan Stanley strategist Michael J. Wilson cut his expectations for earnings-per-share growth for the year, saying that a slowing economy is now likely … Read more

Morgan Stanley’s Wilson and JPMorgan’s Michele Warn About QT

(Bloomberg) — Echoing nearly everyone on Wall Street, JPMorgan Asset Management’s Bob Michele and Morgan Stanley’s Michael Wilson are on guard for the potential ripple effects of the Federal Reserve’s so-called quantitative tightening. Most Read from Bloomberg This is laid bare in the bond market. Credit spreads, typically the difference between the yield on a … Read more

Morgan Stanley’s Wilson Sees Stock Losses Even If No Recession

(Bloomberg) — One of Wall Street’s biggest bears says US stocks are likely to face more declines even if the economy manages to avoid a recession. Most Read from Bloomberg “Counter-trend rally may continue, but make no mistake, we don’t believe this bear market is over, even if we avoid a recession – the odds … Read more

Morgan Stanley’s Wilson Sees Temporary Respite From Bear Market

(Bloomberg) — One of Wall Street’s most prominent bears sees the current rally in US stocks extending — prior to the selloff recommencing. Most Read from Bloomberg Morgan Stanley strategists led by Michael Wilson say the S&P 500 Index may climb another 5% to 7%, before resuming losses. “We think US equity markets can rally … Read more