Wilson: Stocks to “rapidly reprice”

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The excellent Michael Wilson at Morgan Stanley with his latest bearish missive.


When Markets Question the “Higher Powers”

Back in October when we turned tactically bullish, we wrote that markets often need the engraved invitation from a higher power to tell them what’s really going on.For bond markets, that higher power is the Fed and for stocks it’s company earnings guidance.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.