Reported about 1 month ago
Morgan Stanley's chief equity strategist, Michael Wilson, suggests that underperforming stocks may have opportunities to catch up as positive economic data is expected. He anticipates that a stronger payroll number could instill confidence in the market, pushing investors to diversify beyond technology stocks, which have dominated the S&P 500's growth. While he continues to recommend defensive stocks, Wilson warns that the overall market is already pricing in a soft landing, which could limit potential gains.
Source: YAHOO