Reported 3 days ago
Morgan Stanley strategist Michael Wilson, known for his bearish stance on US equities, has flipped to a bullish outlook for 2025, predicting the S&P 500 will reach about 6,500, a rise of 11% from current levels. He attributes this optimistic forecast to improving economic growth, expected Federal Reserve interest rate cuts, and potential benefits from deregulation. Despite his previous cautious approach, Wilson now believes the rally will continue, though he advises investors to stay flexible due to uncertainties surrounding future policies. He also notes the US stock market is likely to outperform other regions, particularly Europe.
Source: YAHOO