It’s a trap!
No, it’s not Admiral Ackbar, the alert, fish-headed alien from the original Star Wars movies, it’s Morgan Stanley’s chief investment officer Michael Wilson, who argued in an interview this week that the ongoing bear market rally in stocks is nothing more than a trap for investors.
“The market always rallies once the Fed stops hiking until the recession begins,” Wilson told CNBC on Wednesday, adding that “it’s unlikely there’s going to be much of a gap this time…
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