Morgan Stanley CIO Mike Wilson: Markets are telling us that 2021 will be pretty good for the economy and earnings
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.