Reported 1 day ago
Despite signs of a cooling labor market and slowing economic growth, Wall Street strategists are increasingly optimistic about stock performance. Many have maintained year-end targets for the S&P 500 between 6,300 and 6,500, suggesting that concerns over tariffs may be easing. Influential figures, like Morgan Stanley's Mike Wilson and Citi's Scott Chronert, point to a potential recovery in 'soft' economic data, which could support equity returns even with weaker 'hard' data. This shift in sentiment highlights the market's resilience amid economic fluctuations.
Source: YAHOO