Mike Wilson, Chris Harvey Aced Calls for Big Stock Recovery (1)

As most Wall Street forecasters rushed to downgrade their stock-market outlooks during April’s chaotic selloff, Morgan Stanley’s Michael Wilson and former Wells Fargo Securities LLC strategist Christopher Harvey stuck to their bullish outlooks.

It turned out to be the right call.

Since then, US stocks have virtually ignored the economic risks sowed by President Donald Trump’s trade war to march back to record highs, pushed up by bets on artificial intelligence advances and lower-than-feared tariff rates. The latest leg higher was driven by an inflation report that cemented bets the Federal Reserve will resume cutting interest rates next ...