27/11/17

A Little-Known Indicator Sees VIX Soaring To 30



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A Little-Known Indicator Sees VIX Soaring To 30
// Zero Hedge

While not quite as damning as its 2018 credit forecast, Morgan Stanley's chief equity strategist Michael Wilson released his 2018 equity outlook this morning, and unlike his last full year forecast which in retrospect was surprisingly accurate, is far more contained, if not outright pessimistic. Wilson himself is quick to remark on just how much conditions have changed over the past 11 months:

At the beginning of the year, we titled our 2017 outlook "Are You Ready for Euphoria" on the basis that 1) Earnings growth was likely to accelerate sharply, 2) Financial conditions would remain very loose as the dollar weakened and long term ....

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