Tech stocks' blistering rally won't last and the bear market has 'unfinished business,' Morgan Stanley's top stock strategist says
The S&P 500 has advanced about 7.5% this year but was still down by 16% over the past 12 months.
"On the defensiveness point, our work suggests that Tech is actually more pro-cyclical and bottoms coincidently with the broader market in bear markets," Wilson wrote.
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