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Morgan Stanley's Wilson Sees Few Signs of Bear Market in Stocks
By
Katie Rass
News August 13, 2024 at 01:59 PM
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What You Need To Know
- The strategist, who correctly predicted the recent downdraft in U.S. stocks back in July, says a major collapse is unlikely.
- Wilson continues to urge investors to stay away from small caps, crediting a recent rally to traders covering short positions.
- He sees opportunities in individual stocks rather than the broader indexes as most investors continue to ride momentum in tech stocks.
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