Morgan Stanley: the bear market may end at the beginning of 2023

Chief Investment Officer and main specialist on American stocks Mike Wilson said that the market of US stock sellers will end in the first quarter. In an interview with Bloomberg Television channel, he declared that it will happen earlier than investors suppose.

However, he also said that this information can be reviewed, and if the trading recommences and the S&P 500 reaches 3650 downward, the bears will take over.

Mike Wilson is a stock Market Skeptic. According to the last survey of institutional investors, he was named the best among the portfolio strategists.

Also, this week Wilson confirmed that Morgan Stanley is waiting for the increase in stocks as the market participants guess the credit rates and inflation will decrease. The CIO of Morgan Stanley supposes that if the S&P 500 will fall below the 200-week Moving Average by about 3600 points, it will rise to 15%.