Recession Is Such Sweet Sorrow, Mike Wilson from Morgan Stanley

On The Tape

RiskReversal Media

News, Business, Investing, Business News

4.6 • 757 Ratings

🗓️ 6 January 2023

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

Dan Nathan, Guy Adami and Danny Moses kick off the new year with Morgan Stanley’s Chief Investment Officer Mike Wilson. Mike breaks down what led to his “tactical bullish” call last October (4:30). How do we trade the handoff between earnings and fed rate (9:30)? What does the crew make David Rosenberg’s take on recent weakness in commodity prices (17:40). How does Mike Wilson see us get to 3,000 in the S&P 500 (21:00)? Mike predicts the tech sector will suffer as cost cuts keep rolling in (21:45). How does Mike Wilson view the banking sector in 2023 (32:40)? Is Mike Wilson buying the “gold as an inflation hedge” argument for this year (34:40)? What does Mike’s next bullish call in the stock market look like (43:48)? Chinese investments have seen a bounceback, should U.S. investors get out while they can (45:40)? Finally we wrap with Danny’s picks for week 18 in the NFL (48:00). Check out our show notes and transcript here ---- See what adding futures can do for you at cmegroup.com/onthetape. ---- Shoot us an email at [email protected] with any feedback, suggestions, or questions for us to answer on the pod and follow us @OnTheTapePod. We’re on social: Follow Dan Nathan @RiskReversal on Twitter Follow @GuyAdami on Twitter Follow Danny Moses @DMoses34 on Twitter Follow us on Instagram @RiskReversalMedia Subscribe to our YouTube page

Transcript

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0:00.0	Ladies and gentlemen, welcome to 2023. This is the first on the tape podcast of 2023, Dan Nathan.
0:08.6	And what better guests to start the year off than the great Mike Wilson of Morgan Stanley.
0:14.0	I am excited, of course, Danny Moses is along with us, the very pedestrian Danny Moses, final week of the NFL, Danny, as you know.
0:21.4	But, Mike, before we get started,
0:23.7	this past weekend was some of the best college football
0:26.5	that I've ever watched in my life.
0:28.8	And I will tell you that University of Michigan,
0:32.1	Texas Christian Hornfrog game,
0:34.6	will go up as one of the top five games I've ever watched.
0:37.4	I am certain you love the outcome of that game five games I've ever watched. I am certain
0:38.2	you love the outcome of that game. Am I wrong? I like the second game better. No doubt.
0:43.2	By the way, Georgia. I mean, Ohio State came out of nowhere. The Big Ten acquitted itself rather well,
0:48.3	getting two teams in the top four, yet both teams lost. Michigan starting the day off with a bit
0:53.5	of a role. The biggest surprise for me was how many points were scored in both games.
0:56.8	It was insane.
0:57.5	There was no defense being played.
0:59.1	And that was remarkable to me.
1:00.3	So, yeah, the two great college football games, Michigan took the short end of the first game.
1:04.1	But you've got to give it to the TCU.
1:05.0	Okay.
1:05.5	So I'm leading you down the Primrose path that you clearly don't want to go down. You are a 1989 graduate of the great school,
1:12.5	the University of Michigan, Wolverines, the maze and blue. I think that's what they call. Is that
	...

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