The US economy is in “a new bull market,” according to Mike Wilson, Morgan Stanley’s chief US equity strategist.
Wilson says in a new interview with Bloomberg TV that Morgan Stanley believes the economy had been in a three-year rolling recession that ended in April.
“Now we’re in a new bull market and capital markets activity is just another sign that that analysis or that conclusion is probably correct.”
The Morgan Stanley executive believes there could be volatility and drawdowns in the third quarter, but he also thinks that such corrections wouldn’t invalidate the bull market thesis.
“We’ve said that the third quarter, we think this is the best chance we could have for some correction or moderation, if you will. But I want to
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