Morgan Stanley's Mike Wilson sees a bear market rally that can lead to an 11% gain from here

2022/10/18 下午2:20

Morgan Stanley’s Mike

Wilson sees a bear
market rally that can
lead to an 11% gain
from here
PUBLISH ED M ON, OCT 17 2022 • 1:52 PM EDT | UPDATED M ON, OCT 17 2022 • 6:45 PM EDT

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interview with Morgan
Stanley’s Mike Wilson

The stock market’s historic turnaround last

week following a hotter-than-expected
inflation report was the beginning of a Pro Talks: CNBC’s Bob
tradeable short-term rally, according to Pisani on what he’s
Morgan Stanley. learned about navigating
treacherous markets
The S&P 500 closed lower on Friday at from his 3 decades at
the NYSE
https://www.cnbc.com/2022/10/17/morgan-stanleys-mike-wilson-sees…-market-rally-that-can-lead-to-an-11percent-gain-from-here.html 第1⾴（共5⾴）
Morgan Stanley's Mike Wilson sees a bear market rally that can lead to an 11% gain from here 2022/10/18 下午2:20

3,583.07, after notching a 2.6% gain the day

the NYSE
before following the CPI report. However,
stocks were back up on Monday and Michael
Wilson, the firm’s chief U.S. equity strategist MORE IN PRO
who called the bear market, said the “inflation Strategi
bull trap” can push the broad market index as st
predicts
high as about 4,000 — 11.6% above Friday’s
when
close. the S&P
500
Wilson also said his team is watching the 200- could
bottom
day moving average on the S&P 500, a — and
calculation of average closing price over a set names
3 stocks
period used to identify long-term trends. The he likes
S&P’s is currently about 4,155. right
now
″[We] would not rule out another attempt to
re-take the 200-day moving average. While Morgan
Stanley’
that seems like an awfully big move, it would s Mike
be in line with prior bear market rallies this Wilson
sees a
year and prior ones.” bear
market
However, he added: “We also believe the rally
200-week moving average will eventually that can
lead to
give way like it typically does when earnings an 11%
forecasts fall by 20% [or more]. The final price gain
from
lows for this bear are likely to be closer to here
3,000-3,200.”
Goldma
Wilson said last month that while inflation n says
and Federal Reserve moves have been the big these
resilient
drivers of the first half of 2022, slowing softwar
growth would become a bigger concern in the e stocks
are
second half. buys
even in
“These data are some of the most backward- an
econom
looking economic series and tell us little about
ic ‘hard
the future,” he said Monday. “In our view, landing’

Top
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Morgan Stanley's Mike Wilson sees a bear market rally that can lead to an 11% gain from here 2022/10/18 下午2:20

inflation has already peaked and could fall Top

Goldma
rapidly next year as comparisons become very n Sachs
difficult and discounting return.” strategi
st picks
the
— CNBC’s Michael Bloom contributed to this
global
report. small-
cap
stocks
he says
look
cheap

These
profitab
le
growth
stocks
are
trading
at
‘bargain
valuatio
ns,’
Goldma
n Sachs
says

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