Markets are telling us that 2021 will be pretty good for the economy: Morgan Stanley CIO

Financials are underperforming the broader market this year with the sector down 19 percent year-to-date. Mike Wilson, chief U.S. equity strategist at Morgan Stanley, joins ‘Closing Bell’ to talk about how the Fed’s recent shift to average inflation targeting could…

Markets are telling us that 2021 will be pretty good for the economy: Morgan Stanley CIO

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Financials are underperforming the broader market this year with the sector down 19 percent year-to-date. Mike Wilson, chief U.S. equity strategist at Morgan Stanley, joins ‘Closing Bell’ to talk about how the Fed’s recent shift to average inflation targeting could lead to a bullish outlook for the sector. “You could see rates up on better growth outlook…The ingredients are already there. A lot of the equity markets have been performing exceptionally well,” Wilson said. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi

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