Traders ought to be making the most of the market's steep coronavirus-driven sell-off from February highs, Morgan Stanley's Mike Wilson informed CNBC on Thursday. 

"We have been scaling again into shares during the last two, three or 4 weeks. We're not going to catch the underside precisely,"  the agency's chief U.S. fairness strategist mentioned on "Squawk Field." "We expect that is in all probability the most effective risk-reward we have seen for traders in two years." 

Wilson, who had been amongst Wall Road's most bearish strategists, had been arguing typically that shares had grow to be stretched final fall and into 2020.

However now the S&P 500 has fallen into bear market territory, sitting as of Wednesday's shut 27% beneath its Feb. 19 highs. Whereas Wall Road is coming off back-to-back every day good points for the primary time since final month, Wilson mentioned traders ought to deal with the relative worth of property, not whether or not they have reached their backside. 

"Nobody is sweet sufficient to name these items to the day and to the greenback," he mentioned....