Premium"Buy The Rumor, Sell The News": Wilson Says The Correction Needs One Last Flush To 7,100 Before The Year-End Rally
Five weeks ago he said the market's bad breadth would have to be resolved one way or another. Last week it was resolved the hard way.
Now Morgan Stanley's chief US equity strategist Mike Wilson is back with what may be his most bullish note since he turned cautious in September. In his latest Weekly Warm-up, titled "Buy the Rumor, Sell the News" (available to pro subs), Wilson, whose final-innings call we touched on in our recap of Nick Savone's latest Global Reflections this weekend, says the correction that began in June is finally running out of things to break, and it comes with a timeline: