Michael Wilson

Chief U.S. Equity Strategist & Chief Investment Officer, Morgan Stanley

Search every verified Michael Wilson interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. In July 2026, Wilson stated that he expected semiconductor stocks to correct, while predicting that hyperscalers would stabilize. He described this rotation as a natural part of the capital expenditure cycle, adding that it did not mean the cycle was over. Wilson also said that falling energy prices, peaking tariff inflation, and contained services would keep the Federal Reserve on hold rather than hiking rates, and that lower real rates should support equities. He maintained his year-end S&P 500 target of 8,000, based on the earnings story. In June 2026, Wilson said that investors had "moved past" the US-Iran war, similar to how they had moved past tariffs a year earlier. He argued that the bull market remained intact, driven by earnings growth and operating leverage, though he noted a deceleration in liquidity that could lead to a "summer chop." Wilson described the current environment as a transition from "picks and shovels" to "adopters" of AI technology, and stated that while there would be malinvestment, the broader capital expenditure cycle was not over. He also said that consumer stock stories were not hurt by a K-shaped economy, as the top 20-30% of consumers drive 80% of spending.