Despite the ongoing coronavirus pandemic and historically high unemployment, Morgan Stanley’s Chief U.S. Equity Strategist and Chief Investment Officer Mike Wilson believes the economy is heading for a strong recovery by next year.



a store front at day: S&P 500 trading screens are displayed at the Nasdaq building in Times Square as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of the novel coronavirus, on August 21 in New York City.


© Alexi Rosenfeld/Getty
S&P 500 trading screens are displayed at the Nasdaq building in Times Square as the city continues Phase 4 of re-opening following restrictions imposed to slow the spread of the novel coronavirus, on August 21 in New York City.

Wilson said on Tuesday he predicted a “pretty darn good” recovery by next year.

“Markets move ahead of the fundamentals, OK? So the market is telling us—by the way the stock market is probably one of the best leading indicators out there—it’s telling us in no uncertain terms that 2021 is going to be pretty darn good from a recovery standpoint,” Wilson said optimistically during a morning interview with CNBC’s Squawk Box.

“How we

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  • Mike Wilson told CNBC that the stock market is signaling a “pretty darn good” economic recovery in 2021. 
  • The Morgan Stanley chief US equity strategist said that how the economy gets to this recovery is irrelevant. 
  • Wilson recommended investors buy companies that have been victims of the pandemic because those will have the most operating leverage upside in this recovery.

Morgan Stanley’s Mike Wilson told CNBC on Tuesday that the stock market is “one of the best leading indicators out there,” and that it’s signaling an economic recovery in 2021. 

“The market is telling us, in no uncertain terms, that 2021 is going to be pretty darn good from a recovery standpoint,” the chief US equity strategist said. How the economy gets to this recovery, whether from fiscal stimulus or the Fed, is “irrelevant,” according to Wilson.

Wilson also said that investors will be surprised that the recovery

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