Business
Morgan Stanley’s Wilson Says Bear Market ‘Continuing’ Despite Tech Rally
Morgan Stanley Chief US Equity Strategist Mike Wilson says his firm’s bearish call for equity markets hasn’t changed despite the recent runup in big technology stocks. “This is what bear markets do. They are designed to fool you, confuse you, make you do things you don’t want to do,” he says on “Bloomberg Surveillance.”
Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com
Connect with us on…
Twitter: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness/
Instagram: https://www.instagram.com/quicktake/?hl=en
source
@Yahniboy
December 29, 2023 at 2:01 pm
This guy gets paid millions to get it wrong. Unbelievable
@user-lb3ij8dn6t
December 29, 2023 at 2:01 pm
Is he fired?
@e.l.6339
December 29, 2023 at 2:01 pm
are there really people who their money to this guy????
@AS-tt8ui
December 29, 2023 at 2:01 pm
Mike is probably still in all cash. If he had predicted the huge rise in NVDA maybe I would acknowledge he can accurately predict the pending "bear market".
@user-lb3ij8dn6t
December 29, 2023 at 2:01 pm
Hit 4800 in Q3 and back to 4200 IN Q4 , mike wins hahhhahahq
@williamwallace6508
December 29, 2023 at 2:01 pm
disciplined on price. lol
@flight714
December 29, 2023 at 2:01 pm
Poor guy.
@ThomasShelby-xz2fk
December 29, 2023 at 2:01 pm
I’m surprised this guy hasn’t been fired yet. He’s been constantly wrong the past six months. He’s leaving his clients in the dust chasing some fairy tale bear narrative. Bear markets are short and always recover.
@gloriajaimesa2811
December 29, 2023 at 2:01 pm
dogmatic. great investors adapt. if he cant tolerate any strike, well you end up perma bear like mike…
@michaelshih8163
December 29, 2023 at 2:01 pm
Even if S&P hits 5,000, Mike Wilson would insist that recession and earnings recession are just around the corner.
@Alinnie-show
December 29, 2023 at 2:01 pm
Probably doesn’t seem like bear market.
@Tom0000
December 29, 2023 at 2:01 pm
Mike Wilson thinks the earth is flat 😂
@romanoppp
December 29, 2023 at 2:01 pm
He got lucky last year
@kevinlongenecker2063
December 29, 2023 at 2:01 pm
This is the same guy that said the bear market would be over by the 1st or 2nd quarter and the S&P would go to 3200! So he keeps moving the goal posts hoping he will be right someday. Maybe he will be right someday, but a dead clock is also right 2 times a day.
@JakeWang-lt2fg
December 29, 2023 at 2:01 pm
he finally show up again after two months.😂
@mmercato7174
December 29, 2023 at 2:01 pm
Where did he study?
@stickmanfinance6789
December 29, 2023 at 2:01 pm
Second half is probably downward? Probably doesn't seem like bear market
@keto6789
December 29, 2023 at 2:01 pm
ahahhahhahhahhahahhahhahhahhahhahhaaaaa Mike Wilson ahhahhahhahhaaaa!
@viffer94
December 29, 2023 at 2:01 pm
Last of the true believers, keep the faith Mike. Essentially you’re correct, the vast majority of the equity market has been going sideways or down but the indices are getting propped up by eight to ten stocks. So does the rest of the market come up to meet the bubblicious AI stocks or does everything need a sharp correction to wash out all the mania? It’ll be interesting to see how things play out.
@damham5689
December 29, 2023 at 2:01 pm
It was interesting how Ai suddenly became the savior of tech after tech stocks were dropping or stagnent for months on end. Its as if this hype was created to boost tech stocks.
@stevenk195
December 29, 2023 at 2:01 pm
10 stocks making the indexes look bullish. Take them out, and the markets are flat to down for the year. Hang your portfolio on AI if you want. Many did that in the 1990's and 2000's with the internet. Problem was, it took another decade to finally realize the benefits of the internet being applied to everything. AI will do the same this time, but not in a year.
@user-ys5qp4bq4s
December 29, 2023 at 2:01 pm
y'all should be grateful to him. where i live(china) analysts are like the BMO S&P 2022 5300 guy, always talk their book, any non-permabull is "invited" by the authorities.
@larrymorton5332
December 29, 2023 at 2:01 pm
the plunge protection team is driving up the indexes so every one can feel good over the weekend, they will be dumping big time on tuesday makin millions if not billions for the fed from the retail investor.
@jimmychan9138
December 29, 2023 at 2:01 pm
Did this guy even look at where S&P500 is at? Only 13% down from its high (and Nasdaq already in a bull market) he thinks we're still in a bear market? Thank goodness he doesn't manage my money otherwise I would be retiring poor.
@bradelliot1027
December 29, 2023 at 2:01 pm
okay boomer…
@jaym9846
December 29, 2023 at 2:01 pm
He is a AI ChatBot Guest?
@lovingleo11
December 29, 2023 at 2:01 pm
He has changed his stance. He mentioned at the start of the year that the market is gonna fall in the first half and if it doesn't then it is onward and upward. Now he says second half is gonna be choppy and downward. Why don't the hosts catch such guests taking uturns on TV trying to fool the investors..
@mmercato7174
December 29, 2023 at 2:01 pm
🤣😂🤣
@dapred00
December 29, 2023 at 2:01 pm
"This is what bear markets do". When Wilson the Rainmaker identifies a bear market that means tech stocks are going to rise and liquidity will soon improve, after he said for months that just could not happen. Worth noting that "bear markets fooling and confusing people, making them do things they don't want to do", means getting more than 10% from the S&P since January. Time for the rainmaker to retire for good!
@bullish.investment9514
December 29, 2023 at 2:01 pm
a bear market will come eventually and an “expert” can prove himself an expert one day. Add oil 😂
@jookyuh
December 29, 2023 at 2:01 pm
Wilson is on denial. Anyone can keep calling for bear market and eventually you will get one. Wilson has been wrong on all of the timings and that is what matters.
@binodsingh455
December 29, 2023 at 2:01 pm
he does not know. market is in bull
@omppc
December 29, 2023 at 2:01 pm
FROM MORGAN STANLEY TO MOGRA…
@MarekKolenda-cr8vr
December 29, 2023 at 2:01 pm
China not allowed revolution in Russia because US and NATO be on Russia and China border
@MarekKolenda-cr8vr
December 29, 2023 at 2:01 pm
Double digits housing mortgage rates coming
@MarekKolenda-cr8vr
December 29, 2023 at 2:01 pm
Fed 5,5 % interest rates coming after July 14
@MarekKolenda-cr8vr
December 29, 2023 at 2:01 pm
Banks holiday and limited cash withdrawal possible next week