STOCKS | Morgan Stanley's Mike Wilson Says Investors Should Favor Higher-Quality U.S. Stocks

According to Wallstreetcn, Morgan Stanley's Mike Wilson said investors worried about rising rates and oil prices should lean toward higher-quality U.S. stocks, use energy stocks to hedge portfolios, and avoid 30-year U.S. Treasuries. Wilson said the S&P 500 remains the world's highest-quality stock market and that investors who are nervous should hold the S&P 500, while adding that long-term bonds should not be held because their performance over the past five years has been "a disaster."