Just when it looked like time to throw in the towel, the market pulled through and delivered a win. A better-than-expected reading of the consumer price index last week has boosted hopes that the Federal Reserve would slow the pace of its interest rate increases. Looking at the situation for Morgan Stanley, equity strategist Michael Wilson, one of the past year’s bigger bears, is turning a bit more upbeat, saying, “We think we will now enter the final stages of the bear market…” At the same time, Wilson acknowledges that the bear is still with us.
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