After predicting the short December rally and betting on it, Morgan Stanley’s chief strategist Mike Wilson is returning to his bear position and going back to selling equities.
Wilson, who has garnered a reputation as being Wall Street’s most outspoken bear and was ranked No. 1 stock strategist in the latest Institutional Investor survey, said in a Monday morning note that he expected the S&P 500 to resume its descent into the red after it crossed above its 200-day moving average last week.
