One of the largest bearish positions on Wall Street and Chief Stock Strategist at Morgan Stanley, Mike Wilson, continues to adhere to his prediction that the S&P 500 index will decline by 11% from its current level to 3900 points by the end of this year. Wilson stated in a report released on Monday that the likelihood of a year-end rebound in the stock market is decreasing due to investors facing poor market breadth, declining earnings correction, and consumers facing financial difficulties. Wilson ranked first in last year's institutional investor survey and correctly predicted the stock sell-off trend in 2022.