In a new report from Morgan Stanley’s Head of US Equity Strategy Michael Wilson, the analyst told investors that the stock market is showing similarities with the 2009 recovery that led to the longest bull run in history. Given Bitcoin’s recent correlation with the stock market, this could also result in an extended bull market for the first-ever cryptocurrency.
Morgan Stanley Head of US Equities: Stock Market Recovery Matches Longest Bull Run in History
At the start of 2020, most major stock market indices reached a new all-time high. Weeks later, the Black Thursday market collapse happened, and years of gains were turned back before the quarter ended.
But since then, the stock market rally has been nearly unstoppable, and Bitcoin alongside it. The traditional equities have been uncannily correlated since the selloff and have remained lock and step…
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