Morgan Stanley's Mike Wilson, among Wall Street's most bearish, unconvinced highs here to stay [CNBC]
Morgan Stanley (MS)
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Source: CNBC
Morgan Stanley's Mike Wilson, among Wall Street's most bearish, unconvinced highs here to stay Morgan Stanley's Mike Wilson is sticking by his call among the most bearish strategists S&P 500 "We're going to go to new highs. We're there already. We're going to probably go to 3,000 at some point in the next couple weeks just because they want to touch it," Wilson, the firm's chief U.S. equity strategist, told CNBC on Tuesday. The S&P 500 was headed for a record close Tuesday. It was 0.8% higher at 2,932.09 in afternoon trading, above an all-time closing high of 2,930.75 set on Sept. 20. It was still below its intraday record of 2,940.91. Even if the broad index does break above 3,000, Wilson said he sees no reason to raise his bull case target. "Price does not make us more bullish alone in the absence of fundamentals that can support a higher price target," he said on " Fast Money: Halftime Report In fact, he believes 100% of the move this year has been multiple expansion, pointing out
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