Morgan Stanley’s chief investment officer Mike Wilson said last week’s stock surge is ‘a rally to sell’ as ‘bear market rallies are the most vicious.’
Morgan Stanley’s chief investment officer warned that last week’s stock-market surge was an economic calm before the storm — and that investors should take the opportunity to sell.
Wilson suggested in his note late last week that the US is nearing the end of a “late-cycle expansion phase,” or the conclusion of a growth cycle that comes right before a contraction.
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