The Latest Breaking News from Mike Wilson

The Wall Street bear is doubling down on his prediction that the S&P 500 will move downward in the final months of 2023.

Wall Street’s top strategist said much depends on whether current prices can be maintained in the short term.

Mike Wilson fears that investors have become overly optimistic after so many 'erroneous' recession predictions, and more stock market pain is coming.

"It's human nature to want to go with the trend both up and down."

Given his status as a three-time winner of the Le Mans 24 Hours, with a remarkable record of 10 outright podiums at the event, you’d have imagined that Rinaldo Capello would choose the French circuit as his favourite track. But a long-forgotten test at Imola, which ‘Dindo’ believes was instrumental…

The analyst pointed out that a handful of high-performing stocks are yet to reach the highs they enjoyed in 2021.

The S&P 500 is up almost 20% so far this year.

"The data we have today suggests to us that we are in a policy-driven, late-cycle rally."

For months, Mike Wilson, chief investment officer for Morgan Stanley, has warned that the rally in U.S. equities was a mirage, even as stocks kept rising.

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