Market Broadening Out Is All About Earnings, Says Morgan Stanley's Wilson

The transcript discusses the factors contributing to market broadening, including the pricing out of recession risk, the Fed's rate decisions, and the impact of the election. It highlights the consensus expectations for market growth and the importance of earnings revisions. The speaker emphasizes a selective trading strategy focusing on areas with improved growth, rather than a broad market rally.

What were the three main factors that contributed to the market's broadening out?

How did the election results impact market perceptions according to the speaker?

What concerns are being raised about the Federal Reserve's ability to cut rates?

What is meant by 'revision breadth' in the context of the market?

In what way does the speaker suggest the market recovery will differ from the 2020-2021 period?