Morgan Stanley said it hired Adam Parker from Sanford C. Bernstein & Co. as U.S. equity strategist.
Jason Todd has left Morgan Stanley as a global equity strategist, according to Sandra Hernandez , a spokeswoman for the New York-based securities firm.
Adam Parker, the most pessimistic strategist on Wall Street, said he was too bearish on U.S. equities after the Standard & Poor’s 500 Index rallied 13 percent this year.
"Equities should benefit from a scenario where the probability of a cycle peak remains low for some time."
- Adam Parker on Sep 02, 2014
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