U.S. stocks could enjoy a year-end rally, according to Wall Street’s top strategist Mike Wilson—but he still believes shares will end the year lower than they are right now.
In a note on Monday, Morgan Stanley’s Wilson—who was ranked No. 1 in last year’s Institutional Investor survey after correctly predicting the selloff in stocks—stood by his cautious outlook for U.S. equities, doubling down on his prediction that stocks will shed 10% of their value by the end of 2023.
