Morgan Stanley strategist Michael Wilson: "It's early in a new economic cycle and bull market"

We maintain our positive view for U.S. equity markets because it’s early in a new economic cycle and bull market. Last week’s correction was overdue and likely has another 5-7% downside. It’s healthy and we are buyers into weakness with a small/mid-cap and cyclical tilt.

~ Michael Wilson, Morgan Stanley equity strategist, "Stocks could fall a further 7% after last week’s correction. But here’s why Morgan Stanley says that’s 'healthy,'" MarketWatch.com, June 15, 2020