chief US equity strategist

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MORGAN STANLEY: This earnings season is the ‘moment of truth’ for stocks. Here’s why the signs are pointing to a major disappointment for investors.

First-quarter earnings are about to gear up, and Morgan Stanley’s chief US equity strategist is warning that the market is set for a “gut check.” Michael Wilson says investors will be disappointed and stocks gains will be limited unless those earnings reports include real signs that growth is picking up. He doesn’t think that’s going…


Forget the yield curve. Morgan Stanley says investors should be focused on a superior recession signal — one that’s threatening to flash by year-end.

Forget the yield curve. Morgan Stanley says investors should be focused on a superior recession signal — one that’s threatening to flash by year-end.

Unless you’ve been living under a rock for the past several days, you’ve probably been swept up in yield curve mania. Friday marked a momentous occasion for the bond market, as the spread between 3-month and 10-year US Treasurys slipped into negative territory — or “inverted” — for the first time since 2007. This set…


MORGAN STANLEY: Stocks are barreling towards a long earnings recession, and an investing strategy to survive the drought is already crushing the market

MORGAN STANLEY: Stocks are barreling towards a long earnings recession, and an investing strategy to survive the drought is already crushing the market

A decline in earnings growth during the first quarter won’t come as a shock to Wall Street. After all, analysts have already made the steepest cuts in years to earnings-per-share growth in the first quarter, and they may not be done downgrading yet. However, what Morgan Stanley has on its radar will come as a…