Stocks haven’t hit bottom yet, says the analyst who called a ‘rolling recession’ when everyone else saw a boom

Morgan Stanley analyst Mike Wilson, who previously predicted a 'rolling recession,' warns that stocks haven't reached their bottom yet. He notes that 50% of Russell 3000 stocks are already down 20% from their peaks, and the current market selloff that's panicking investors actually began six months ago.

• →Half of Russell 3000 stocks are already in bear market territory with 20%+ declines.
• →The current market selloff began six months ago, not just this week as many investors believe.
• →Mike Wilson previously correctly called a 'rolling recession' when other analysts were bullish.
• →The analyst maintains his bearish outlook, suggesting further downside ahead for equities.
• →Market panic this week reflects broader underlying weakness that has been building over months.