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'There's a Little Bit of Peloton in Everyone': Morgan Stanley's Wilson Says Stay Defensive

February 7, 2022 11:26 AM EST

Mike Wilson, Chief U.S. Equity Strategist and Chief Investment Officer at Morgan Stanley, believes investors remain too optimistic as he continues to see downside risk in the equities markets.

The strategist sees signs of weakness that go beyond Omicron.

4Q earnings beat rates are back to 5% which is the long term average. However, this is well below the beat rates of 15- 20% observed over the past 18... More