Recent stock market strength may be short-lived, according to Morgan Stanley chief investment officer and U.S. equity strategist Mike Wilson. Before last week, stocks had tumbled more than 10% from their July high to an October low. "While we will keep an open mind, the move thus far looks more like a bear market rally rather than the start of a sustained upswing, particularly in light of weaker earnings revisions and macro data," Wilson said. Wilson remains cautious on corporate earnings despite a stronger-than-expected earnings season, and said that he still doesn't see market support coming from either technical or fundamental factors. "Over the past 2 months, both earnings revisions breadth and performance breadth have deteriorated significantly," Wilson said.

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Persons: Morgan Stanley, Mike Wilson, Wilson, Stocks, November's bullishness, Michael Bloom Organizations: Federal Reserve, Google Locations: Treasurys