Morgan Stanley Bear Wilson: Unless the Fed "Surprises" with Rate Cuts, U.S. Stocks Are in for Disappointment

The well-known bear warns that if the economy weakens and rate cuts fall short of expectations, returns on the stock index over the next 6-12 months will be extremely limited. This Friday's upcoming non-farm payrolls data will be crucial and could influence whether the Fed cuts rates by 25 or 50 basis points.