Morgan Stanley CIO Cites 'Humbling Business' Behind Wrong Forecasts, Gives Up Predicting S&P 500 As One Division Faces SEC Probe [Yahoo! Finance]
Morgan Stanley (MS)
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Source: Yahoo! Finance
Wilson has gotten so many market forecasts wrong over the past few years that he's effectively given up even trying to predict their future movements. Don't Miss: This Uber-for-moving startup is quietly taking the world by storm, here's how anyone can invest for a limited time Invest in time-tested solution that aims to solve this $600 billion women's health problem at 80 cents per share After successfully calling for the 2022 market selloff during market euphoria in September 2021, Wilson announced he would no longer make index-level calls, attributing his mistakes as being in "a humbling business" and that he now spends more time looking at specific companies. Popular financial X user Barchart mocked Wilson's failed market forecasts, recently posting "after being wrong about everything over the last 18 months, Wilson has decided to no longer make bold predictions about the S&P 500." While he retains his CIO position, Morgan Stanley said in an internal memo in February t
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- 4/16/24 - Beat
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Sec Filings
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- 5/17/24 - Form 424B2
- 5/17/24 - Form FWP
- MS's page on the SEC website