Investors / stance tracking
What Mike Wilson is saying
Chief US Equity Strategist, Morgan Stanley
11 dated public stances tracked since 2026-03-20, most recently 2026-07-07. Each line carries the date and the venue it came from; quotation marks mean verbatim. Methodology.
The stances below are c8alpha's editorial distillation of Mike Wilson's public commentary — television, podcasts, and interviews — compiled by automated transcript analysis and dated to the episode they came from. They may lag the speaker's current view and may contain extraction errors. Text in quotation marks is verbatim from the episode; everything else is our paraphrase. Mike Wilson is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.
Think we got something wrong? Report a misattribution — we correct it or take it down.
11
tracked stances
11
themes
0
side flips
2026-07-07
last heard
Raw direction-aware returns on public statements — long calls credited when the price rose, shorts when it fell, shorts capped at −100% — in a rising market this mostly measures who was long, not who has skill. Returns run from the stance date; calls are rarely closed publicly, so fixed 90-day / 180-day / 1-year horizons are used. A horizon shows only once it has fully matured, and only at 5+ scored stances.
Most-argued themes
| Theme | Stances | Lean | Mix | Last |
|---|---|---|---|---|
| AI-DISRUPTED SOFTWARE / BUSINESS SERVICES STOCKS | 1 | 1 bearish | 2026-03-20 | |
| BANKS | 1 | 1 bullish | 2026-03-20 | |
| BIOTECH | 1 | 1 bullish | 2026-03-20 | |
| Big Tech | 1 | 1 bearish | 2026-03-20 | |
| CONSUMER DISCRETIONARY SMALL CAPS | 1 | 1 bullish | 2026-03-20 | |
| ENERGY | 1 | 1 bearish | 2026-03-20 |
Tracked stances
bullish / bearish is a view they argued; owns / short is a position they said they hold.
2026-07-07
SPX
neutral
Bloomberg Television · video
The new Fed chair Kevin Walsh is reducing forward guidance, forcing markets to price uncertainty themselves, producing a higher-volatility adjustment period that caps near-term upside even as the market eventually stabilises
“we're in that adjustment period now and that's going to be higher volatility and potentially the bond market”
Qatari LNG Tanker Reportedly Struck in Hormuz | Horizons Middle East & Africa 7/7/2026
2026-03-20
GOLD
bearish
Meb Faber · video
After a massive run gold may be relatively overvalued versus stocks, which could now be the better inflation hedge for at least a cyclical period, especially as central banks liquidate gold for liquidity needs.
“maybe stocks are the better hedge against inflation from here at least for a period of time”
The Market Is Entering a New Cycle - Morgan Stanley's Mike Wilson
2026-03-20
S
bullish
Meb Faber · video
Small caps are coming out of a multi-year rolling recession with improving earnings revisions and historically wide valuation discounts to large caps, and the S&P 600's higher quality screen reduces risk versus Russell 2000.
“I still favor S&P 600 as opposed to the Russell 2000”
The Market Is Entering a New Cycle - Morgan Stanley's Mike Wilson
2026-03-20
BANKS
bullish
Meb Faber · video
Regional banks have been left behind relative to money-center banks and alternative managers, making them attractively valued as part of the broader cyclical recovery.
“the regional banks, for example, as opposed to just the money centers”
90d +14.2%
The Market Is Entering a New Cycle - Morgan Stanley's Mike Wilson
2026-03-20
Big Tech
bearish
Meb Faber · video
Hyperscalers are shifting from equity-funded to debt-funded AI capex, transforming from asset-light to asset-heavy businesses, which increases equity risk and signals the beginning of the end for the AI capex bubble similar to telecom in the late 1990s.
“you start layering out debt...all of a sudden you start looking at that equity slice and you're like, whoa, wait a minute”
90d -27.4%
The Market Is Entering a New Cycle - Morgan Stanley's Mike Wilson
2026-03-20
ENERGY
bearish
Meb Faber · video
Energy stocks rallied ahead of the Iran conflict and the oil price spike is likely temporary given global economic pressure to resolve the Strait of Hormuz disruption, making the trade less attractive on a forward basis.
“I think you want to kind of fade energy a little bit and go back to some of the materials and metals”
The Market Is Entering a New Cycle - Morgan Stanley's Mike Wilson
2026-03-20
BIOTECH
bullish
Meb Faber · video
Biotech looks cheap relative to defensives like staples, M&A activity is supported by deregulation, and AI-enabled drug discovery offers a compelling long-term growth catalyst despite recent underperformance.
“biotech is still pretty exciting because there you can have drug discovery through this new technology”
The Market Is Entering a New Cycle - Morgan Stanley's Mike Wilson
2026-03-20
INDUSTRIALS
bullish
Meb Faber · video
Manufacturing has been in an elongated recession for 3+ years and is now recovering, supported by CapEx incentives from fiscal policy and improving demand-supply dynamics.
“the manufacturing sectors, industrials, some of the financials that have been left behind”
90d +12.2%
The Market Is Entering a New Cycle - Morgan Stanley's Mike Wilson
2026-03-20
CONSUMER DISCRETIONARY SMALL CAPS
bullish
Meb Faber · video
Small-cap consumer discretionary businesses are emerging from a prolonged recession and stand to benefit from deregulation, pent-up demand, and eventual Fed rate cuts.
“consumer discretionary I think is an area where there's a lot of small cap businesses that are going to get a bit of a lift”
The Market Is Entering a New Cycle - Morgan Stanley's Mike Wilson
2026-03-20
METALS AND MATERIALS
bullish
Meb Faber · video
Metals and materials offer better risk/reward than energy in the current environment, as the oil price spike from the Iran conflict is likely temporary while the underlying commodity cycle recovery continues.
“I think you want to kind of fade energy a little bit and go back to some of the materials and metals”
The Market Is Entering a New Cycle - Morgan Stanley's Mike Wilson
2026-03-20
AI-DISRUPTED SOFTWARE / BUSINESS SERVICES STOCKS
bearish
Meb Faber · video
Software and business services companies face genuine earnings risk as AI disintermediates their labor-intensive models, and markets have begun pricing this disruption with the stocks being punished.
“AI disruption on labor in various parts of the market. Those stocks have been punished for that concern”
The Market Is Entering a New Cycle - Morgan Stanley's Mike Wilson
Idea Scout Weekly
Every Sunday: who said what across the tape we track — 845 voices, 2,419 episodes and articles — with side-flips and points of disagreement called out. Free. How we track it.
Free · double opt-in · unsubscribe in one click