Morgan Stanley top strategist says bank failures mark start of a 'vicious' end to the bear market

Morgan Stanley top strategist says bank failures mark start of a 'vicious' end to the bear market

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Morgan Stanley’s Michael Wilson said the stress in the banking system marks what’s likely to be the beginning of a painful and “vicious” end to the bear market in US stocks. “With the back-stopping of bank deposits by the Fed/FDIC, many equity investors are asking if this is another form of QE and…

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