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Thoughts on the Market

Thoughts on the Market

The Stock Market’s Bad Breadth

Sep 28, 2026 · 5m

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Fewer companies have been driving equity market gains in 2026. Our CIO and Chief U.S. Equity Strategist Mike Wilson looks at what investors should make of the narrowing rally as the year enters its final stretch. Read more insights from Morgan Stanley.----- Transcript -----Mike Wilson: Welcome to Thoughts on the Market. I'm Mike Wilson, Morgan Stanley’s CIO and Chief U.S. Equity Strategist. Today on the podcast I’ll be discussing the Market’s Bad Breadth.It's Monday, September 28th at 11:30 am in New York. So, let’s get after it.The market is up this year. That's the good news. But over the last six weeks, I've been watching something that’s giving me pause. This rally has been carried by a…