Morgan Stanley's Mike Wilson says it's become clear to Wall Street that President Trump 'doesn't care' about the stock market

Mike Wilson, chief US equity strategist and chief investment officer of Morgan Stanley (Credit: Victor J. Blue—Bloomberg via Getty Images)

• Morgan Stanley’s Mike Wilson argues that the market downturn isn't primarily due to tariffs but rather to declining earnings revisions, stricter immigration policies, and the Federal Reserve’s stance, with investors reacting negatively to President Trump’s apparent indifference toward stock performance. Some, like BlackRock CEO Larry Fink, see the dip as a buying opportunity.

While President Trump's ever-evolving tariff policy isn't exactly helping markets right now, Morgan Stanley chief investment officer Mike Wilson says they aren't the root cause of economic uncertainty.