Morgan Stanley's Wilson Says 10% Market Correction 'Highly Likely'
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- čas přidán 7. 07. 2024
- Mike Wilson, Morgan Stanley chief US equity strategist, says companies are losing pricing power and need rates to come down during an interview on "Bloomberg Open Interest."
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He has been repeating this for past 1.5 years. His target last year was S&P 3950. Now, at 5550, he is saying 10% correction, unbelieveable. Repeat same jargon, 1 time you will be right.
This guy has lost his clients so much money.
Well, his job is a "market strategist" and all his employer needs is client activity for him to be useful.
Yes, he's been very wrong
@@alexgamble4718 Client activity based on his views lost quite some money over the last two years. That‘s why he is not Chief U.S. Equity Strategist and Chief Investment Officer at Morgan Stanley anymore, but only market strategist.
The game is to put client's money to his/ employer's pockets, therefore technically he is doing his job tremendously good then?
@@ghosthdel3098 No. Clients who lost money because of him while the market is running from one ATH to the next will not be happy customers.
How long has he been wrong? For 2 years? He already was demoted by Morgan Stanley. At some point in time he will be right…..
Broken clock theory
Was he seriously demoted?
@@mingdianli7802 Yes, he used to be head of investment strategy.
I swear, this guy ruins it for every bear
He is at it again. Go away. Vamoose.
A career change is more likely
Mike is at it again!😂 How can you keep your job and be wrong for so long? From here on out he is known as Mike the "Weatherman" Wilson! He is right 50% of the time and can keep his job!
Time to buy guys
Just buy 🔥 Nifty 50 is at 25% a year but nifty 100 is 75% 😂....
It worked!
kolanovic got fired for being a bear
Yep, spending more time with family now
not just being a bear. But being a bull at the wrong time and a bear at the wrong time
looks like JPM let kolanovic go at the top
Please give me a start date for this correction. I'll work it out from there.
In a couple of months the S&P index will be at 6500. The week after that he will be forecasting 7500 then two weeks later warn of a 5% correction.
A New show. Nice, greatstuff, on point & informative. Bravo, keep up the good work 🏁
When did we last have a 10% correction? 2022? The money that's been printed has to go somewhere and it's going to stocks so a 10% correction seems unlikely.
The same Mike Wilson that said the S&P would be at 3800 in 2023. He calls for decline all the time. Like a broken clock he will eventually be correct.
Thanks to this video of yours, I received good information about the pocket version, all doubts were dispelled. Thank you, share your knowledge.
This guy can't quit the bear thesis. Corrections won't happen anymore. Its a full on bull!
Once a year, the eyes of the nation turn to this tiny hamlet in Western Pennsylvania to watch a master at work. The master? Punxsutawney Phil, the world's most famous weatherman. The groundhog. Who, as legend has it, can predict the coming of an early spring. So I guess the question we have to ask ourselves today is,
"Does Phil feel lucky?"
If you see that chronically wrong dude still going to media instead of hide - that proves that job market is really strong. Unbelievable how someone hold his job after consecutive 3 years in row misleading of investors and without any consequences. Curious that SEC led him keep spreading nonsense instead of repeat FTX case like with SBF as the damage is similar and it’s precedent!
I came here for the comments not for Mike’s advice
Wilson is more often early than he is outright wrong, but he did nail the bottom in Oct 2022. he errors on the side of being rational with his reads, but the market continually is irrational so puts him in a tough spot and makes him look wrong often.
oh look who is back
good call Mike - should have sold SPX
More of a 70% crash.....but yes, first it could be just another 10% "correction", but then the people with start to see things...
He's been wrong before, but he also isn't going out on a limb with his idea.
He should not have cancelled on Josh Brown :)
highly likely after another 10% melt-up?
The market on average makes one 10% correction every year. YTD the market has not made a 10% correction, therefore predicting a 10% correction doesn’t take a genius to state.
10% is just 4 days back❤
Yep, after another 20% run up we will drop 10%
Pop quiz:
What usually happens when first rate cut is announced ?
10% or greater corrections in the S&P 500 occur relatively frequently:
- Since 1950, there have been 36 corrections of 10% or more in the S&P 500
- On average, 10% or greater corrections occur approximately once every 2 years
- Over the past 62 years (from 1950 to 2011), 35 years (about 56%) experienced a market correction of 10% or more
- In the 50 years prior to 2021, the S&P 500 experienced corrections of 10% or more in 29 of those years
- The average annual maximum drawdown for the S&P 500 is around 14%
It's important to note that while corrections can be unsettling, they are a normal part of market cycles. Historically, the market has rebounded from these corrections over time. Long-term investors are generally advised not to be overly concerned about 10% corrections, as they occur regularly and the market has typically recovered
I envy Wilson, who obviously went to a special school where they teach you how to be consistently wrong AND keep your job. Seriously, it’s like listening to Peter Schiff… we’ve apparently been 5 minutes away from a 50% correction for the last 18 months. Wilson should make a lateral move into haberdashery, where at least he won’t hurt anyone.
@@Judge247 He didn’t keep his job, he was demoted.
@@hansschmidt8292 I stand corrected, thank you. Should have said, “…AND remain employed by the same company.”
They fired him already :)
I hope he is right this time. Eirher he is innocent or making it loos by his forcast
Ladies and gentlemen, this is why you don’t stick your neck out as a bear. Major career damage.
His BS will continue until he gets fired.
With Wilson's track record it's time to buy more. He was totally wrong for all of 2023 and the first half of 2024. He went bullish about two months ago and now saying this. No credibilty.
Ahahhahahahahhahhahhahh OK Mike Wilson!
Bla, bla, bla
If you keep saying there will be a crash every day day in and day out, what will happen eventually? Yes, you will be right eventually, just like a dead clock being right two times a day.
First thing that happened was that he lost his job.
He will be wrong again as he has been for the past 2 years.. at some point he will be right but so is a broken clock.. doesn't seem a good reason to employ him and listen to him. He is a great contra indicator though!
He has been wrong since SP500 at 3800
Perma Bear
Correction up
On your Bike Mike
This guy is a perma bear and he will never disclose what level to go short. This is putting me to sleep zzzzz
Mike Wilson got demoted at Morgan Stanley
From what to what? He's always been a "strategist" making forecasts?