"The Perfect Bull Trap": Mike Wilson Turns Bearish Again, Says The Rally Is Over
Two months ago, and just days after the biggest permabull on Wall Street, JPM's Marko Kolanovic, finally turned bearish just as the S&P hit fresh 2022 lows after pimping stocks non-stop all year into the biggest bear market in years, and said to fade US equity exposure - a move which we correctly said marked the bottom in stocks...
Kolanovic turned bearish. Bottom https://t.co/bXVFOHDoRS— zerohedge (@zerohedge) September 30, 2022
... Morgan Stanley's Mike Wilson, arguably the biggest bear on Wall Street (with the exception of BofA's Michael Hartnett and SocGen's Albert Edwards), said that he "Expects A Rally Sending S&P500 As High As 4,150." And, as shown in the chart below, Wilson was once again right in picking a key market inflection point (while Kolanovic was as usual wrong).