Morgan Stanley’s Mike Wilson sees finest ‘threat/reward’ market in 2 years
Mike Wilson, Chief U.S. Fairness Strategist and Chief Funding Officer at Morgan Stanley.
Adam Jeffery | CNBC
Traders ought to be profiting from the market’s steep coronavirus-driven sell-off from February highs, Morgan Stanley‘s Mike Wilson advised CNBC on Thursday.
“We have been scaling again into shares during the last two, three or 4 weeks. We’re not going to catch the underside precisely,” the agency’s chief U.S. fairness strategist mentioned on “Squawk Box.” “We expect that is in all probability the perfect threat/reward we have seen for traders in two years.”
Wilson, who had been amongst Wall Avenue’s most bearish strategists, had been arguing usually that shares had grow to be stretched final fall and into 2020.
However now the S&P 500 has fallen into bear market territory, sitting as of Wednesday’s shut round 27% under its Feb. 19 highs. Whereas Wall Avenue is coming off back-to-back day by day good points for the primary time since final month, Wilson mentioned traders ought to give attention to the relative worth of property, not whether or not…