S&P 500 Extends Gain, Up 1%, Nasdaq Up 1.3%

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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