Coronavirus- induced recession is taking place much quicker than expected

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Coronavirus- induced recession is taking place much quicker than expected

The recovery from the Coronavirus recession is taking place much faster than after former economic slumps in history, Mike Wilson told CNBC on Monday.

Wilson contended to investors that this means that it's time to reshuffle portfolios to keep pace.

What we see is a cycle that's moving around twice as fast as it normally does, which means that we are going to be moving from the mid-cycle phase of the recovery to the early part of the recovery, the chief US equity strategist of the firm explained in an interview on Closing Bell.

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