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Ignore 'Bear Market Hall of Mirrors': Morgan Stanley’s Wilson  

Although the timing of a U.S. economic recession this year might be later than most analysts projected, if one happens at all, an earnings retreat is “imminent,” according to Morgan Stanley equity analyst Michael Wilson. So reports

bear g5f6009ccb 640Wilson, who has made some foresighted predictions, said that while a drop in natural gas prices and the reopening of China have led more investors to envision a soft landing for the economy, “bear markets have a way of fooling everyone before they’re done.”

In a note, Wilson wrote, “We advise investors to stay focused on fundamentals and ignore the false signals and misleading reflections in this bear market hall of mirrors.”

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