S&P 500 Index: Bear market rally will likely fail once again – Morgan Stanley

While equity markets continue to rally, the key to the end of the bear market may be in the fundamentals, Mike Wilson, Chief Investment Officer and Chief US Equity Strategist for Morgan Stanley, reports.

Bear market is not over

“There is plenty of bullish and bearish fodder in the technicals in our view, and one will need to take a view on the fundamentals to decide this bear market for stocks is over.”

“Our view remains the same, the bear market is not over, but we acknowledge that Friday's price action may push out the next leg lower for a few more weeks.”