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Morgan Stanley Says US Rally Isn’t Start of Bull Market

(Bloomberg) -- Don’t be fooled into believing that the rally in US stocks is the beginning of a new bull market, Morgan Stanley’s Michael Wilson warned. Wilson, among the most bearish voices on Wall Street, says there’s too much evidence, both fundamental and technical, pointing to market problems ahead. He’s urging investors not to get carried away in the latest upswing, which saw the S&P 500 briefly push above 4,200 points last week, its highest level since August 2022.“Is this finally the bre