Strong US consumer spending, inflation readings put Fed in tough spot

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Go back to Strong US consumer spending, inflation readings put Fed in tough spot

Morgan Stanley analyst says bearish equity call unchanged

May 26, 2023 11:35 AM EDT

Morgan Stanley's chief US equity strategist Mike Wilson told Bloomberg Television on Friday that the firm's bearish equity market call hasn't been altered despite the recent rise in major technology stocks.

"Are call really hasn't changed," said Wilson.

Wilson explained the "heated rally" in the fourth... More