The Tell: ‘No illusions that we’re out of the woods,’ says Wall Street analyst who called the stock-market selloff

Michael Wilson, Morgan Stanley’s chief U.S. equity strategist, says so-called growth stocks will likely remain under pressure after an ugly October saw the shares of popular technology and internet-related companies tumble.

Wilson, in a Sunday note, said growth strategies, which center on investing in companies that consistently grow faster than their peers and the broader market, are experiencing a slowdown phase compared against shares of companies considered to represent value-based investment strategies.

He wrote:

As we enter November, the good news is that after the last holdouts in US small caps and growth stocks have finally been taken to the woodshed, the rolling bear market arguably has finished its work, or at least the heavy lifting.

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