Stocks are trading in a classic bear market, says Morgan Stanley's Mike Wilson

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Mike Wilson, Morgan Stanley CIO and chief U.S. equity strategist, joins 'THe Exchange' to discuss how Wilson is thinking through its target, why stocks are closing lower on the day.

Mike Wilson, Morgan Stanley CIO and chief U.S. equity strategist, joins 'THe Exchange' to discuss how Wilson is thinking through its target, why stocks are closing lower on the day.

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