Morgan Stanley strategist says to get out of stocks — here’s why you should stay in
James Royal February 25, 2019 in Investing
Wall Street investment bank Morgan Stanley has made a bold call to stock investors. The firm’s chief equity strategist Mike Wilson advised investors to exit the market, following the strongest January for U.S. stocks since 1987.
“We struggle to see the upside in hanging on just to see how long we can,” Wilson wrote in a report. “We think it is better to hop off now and rest up for the next rodeo.”
But after a miserable end to 2018 and a big rally to kick off 2019, should investors sell like Wilson advises, or hang on?