$Tesla (TSLA.US)$ Michael J. Wilson, the “biggest short on W...
$Tesla(TSLA.US$ Michael J. Wilson, the “biggest short on Wall Street,” firmly supports the rebound in US stocks, saying that S&P may be pushed up to 4,300 points, but it still leaves a “retreat” for himself. He said that if it fails to maintain the 200-day moving average, the rebound will not be possible. After the US CPI data was released on Thursday, “Wall Street's biggest short” Michael J. Wilson continued to bullish on US stocks, stressing that this wave of rebound is not over. Starting a month ago, his name “Wall Street's biggest short” may have become a thing of the past.
Wilson is one of the most famous bearish people on Wall Street. He accurately predicted the collapse of US stocks this year, but starting October 17, Wilson began to strongly support the “technical” rebound in US stocks. He wrote in his report that the S&P 500 index has fallen 25% this year and is testing the “important support bottom” of the 200-day moving average. This may trigger a technical rebound. It is speculated that the S&P 500 index may rise to 4150 points.
Less than a month later, on November 11, in a media interview after the release of the US CPI data that fell short of expectations, Wilson said that once the S&P 500 breaks through the 200-day moving average (currently around 4081 points), it may push the rebound to 4,300 points, higher than the 4150 he had previously predicted. Wilson said:
I don't think the current rebound is over yet. The current market situation will continue for a long time, probably until Thanksgiving, or even early December, because once it breaks through the 200-day moving average, this may stimulate some kind of “fighting spirit” in the market, attract more capital to enter the market, and push the rebound to 4,200-4,300 points.
As inflation peaks and the market expects the Fed to slow down interest rate hikes, Wilson believes this will ease the pressure on growth stocks and other assets and drive the stock market to rebound in the next round. He said:
As inflation peaked and interest rate hikes slowed, the Nasdaq index, which had been lagging behind in this rebound, can now catch up because the rebound in the NASDAQ is directly related to changes in interest rates.
Of course, just like the “exit path” Wilson left for himself in October, he still said that there are downside risks, and emphasized that this is just a bear market rebound, not supported by fundamentals. He said:
If this market fails to maintain the 200-week moving average, then it is likely that there will be no rebound. Instead, it is possible to rush directly to 3400 or lower.
As interest rates fell, the price-earnings ratio began to rise. The current rebound in the stock market was all valuation-driven, but be aware that this occurred assuming that the yield per share was calculated correctly and the price-earnings ratio was close to fair value. Obviously, they have not reached a reasonable price-earnings ratio. It's still a bear market and it could tear you apart. $Amazon(AMZN.US$ $Apple(AAPL.US$
Wilson is one of the most famous bearish people on Wall Street. He accurately predicted the collapse of US stocks this year, but starting October 17, Wilson began to strongly support the “technical” rebound in US stocks. He wrote in his report that the S&P 500 index has fallen 25% this year and is testing the “important support bottom” of the 200-day moving average. This may trigger a technical rebound. It is speculated that the S&P 500 index may rise to 4150 points.
Less than a month later, on November 11, in a media interview after the release of the US CPI data that fell short of expectations, Wilson said that once the S&P 500 breaks through the 200-day moving average (currently around 4081 points), it may push the rebound to 4,300 points, higher than the 4150 he had previously predicted. Wilson said:
I don't think the current rebound is over yet. The current market situation will continue for a long time, probably until Thanksgiving, or even early December, because once it breaks through the 200-day moving average, this may stimulate some kind of “fighting spirit” in the market, attract more capital to enter the market, and push the rebound to 4,200-4,300 points.
As inflation peaks and the market expects the Fed to slow down interest rate hikes, Wilson believes this will ease the pressure on growth stocks and other assets and drive the stock market to rebound in the next round. He said:
As inflation peaked and interest rate hikes slowed, the Nasdaq index, which had been lagging behind in this rebound, can now catch up because the rebound in the NASDAQ is directly related to changes in interest rates.
Of course, just like the “exit path” Wilson left for himself in October, he still said that there are downside risks, and emphasized that this is just a bear market rebound, not supported by fundamentals. He said:
If this market fails to maintain the 200-week moving average, then it is likely that there will be no rebound. Instead, it is possible to rush directly to 3400 or lower.
As interest rates fell, the price-earnings ratio began to rise. The current rebound in the stock market was all valuation-driven, but be aware that this occurred assuming that the yield per share was calculated correctly and the price-earnings ratio was close to fair value. Obviously, they have not reached a reasonable price-earnings ratio. It's still a bear market and it could tear you apart. $Amazon(AMZN.US$ $Apple(AAPL.US$
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