Ben Cowen Says “Everyone Expects It” Was a Bad Reason to Bet Against the Q4 Market Selloff
Not investment advice. Muhabbit scores how much a story may matter, not which way to trade.
Ben Cowen said the widely anticipated Q4 market selloff materialized anyway, arguing that "everyone expects it" was a flawed reason to bet against the drawdown, while Morgan Stanley's Mike Wilson views the pullback as a buying opportunity. The divergence highlights a split between crypto-focused caution and Wall Street's constructive stance on equities heading into year-end. Cowen's point underscores that consensus positioning offers no protection when the selloff is already priced into sentiment, a dynamic that has repeatedly caught traders off guard in prior Q4 periods. Wilson's call suggests institutional strategists see the weakness as tactical rather than structural, keeping dip-buying flows in play. Watch whether crypto and equity markets stabilize on Wilson's thesis or validate Cowen's warning with further downside into December.
Muhabbit's AI wrote this summary in its own words from BeInCrypto's report. It can get details wrong, so check the source.
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Ben Cowen, Mike Wilson, Morgan Stanley (MS)
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