A top Morgan Stanley strategist said that Wall Street is ripe for a short-term rally before falling deeper into a bear market.
Shares in U.S based companies have been struggling since the start of the year, with the S&P 500 index on the verge of witnessing its biggest annual decline since the 2008 financial crisis.
The index has fallen 25 percent since the beginning of the year, according to Bloomberg, in a note by Morgan Stanley strategist, Michael J. Wilson on Oct. 17.
Wilson has long been one of Wall Street’s bearish voices and was one of the first to predict the rough markets this year….