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Welcome to the Bloomberg's surveillance podcast, I'm Tom Keane,

along with Jonathan Ferrell and Lisa Abramowitz.

Daily, we bring you insight from the best,

an economics finance investment and international relations

to find Bloomberg's surveillance, an Apple podcast suncloud,

Bloomberg.com, and of course, on the Bloomberg terminal.

With short introduction, Mike Wilson, chief US equity strategist

at Morgan Stanley, he is cautious on the equity market.

Mike Wilson, your own, Zettner has a negative 215,000 statistics

for the jobs report. Maybe it's a one-off, maybe it's not.

Fold in this American economy into your caution,

you walk away from the bull case.

Yeah, I think that the bull case was always that Goldilocks

would persist into this year.

And that was not our view our base case was that Goldilocks

...