Morgan Stanley calling the bottom on US equities
Michael Wilson says the 3-month correction is in final stages. Time to hunt dips.
Since mid-August:
• Quality stocks: +6%
• $SPX equal-weight: -4%
• Cyclicals: -10%
Historically, quality outperforms by 7.5% over next 12 months after this setup.
Wilson's take: This isn't end of cycle. It's a reset. Buy the blood.
Michael Wilson says the 3-month correction is in final stages. Time to hunt dips.
Since mid-August:
• Quality stocks: +6%
• $SPX equal-weight: -4%
• Cyclicals: -10%
Historically, quality outperforms by 7.5% over next 12 months after this setup.
Wilson's take: This isn't end of cycle. It's a reset. Buy the blood.