Morgan Stanley's US equity chief explains why the recent meltdown signaled the 'final stage' of the

Morgan Stanley's chief US equity strategist, Mike Wilson, says stocks have entered the final stage of their almost nine-year bull-market run. In a wide-ranging discussion, Wilson outlined his views on the market cycle, broke down his 2018 forecast, opined on the much-maligned short-volatility trade, and predicted how stock pickers would fare in the coming months. The stock market's recent sell-off was enough to throw any expert off-balance. While many pundits had been calling for some...