Fair Warning with Mike Wilson of Morgan Stanley, and Breaking News from Brady Cobb
RiskReversal Pod
00:00
The Patient Will Survive, Okay, but This Bear Market Is Not Over Yet
Mike Wilson: We were extremely bullish in 2020 for the same reasons we were bearish, right? So we saw the inflation coming, which when inflation is picking up, it's extremely bullish for stocks. And people were slow to catch on to that and it was a huge earning cycle that actually went even further than we expected. Our out of consensus call now is on earnings. We think earnings are going to disappoint significantly, even without a recession.
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