Jul
17
Morgan Stanley Just Doubled Down on Its Bullish Bet on the S&P
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Chief equity strategist reiterates call for 2,700 by year end
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Price-to-earnings ratio to move higher, Michael Wilson says
There’s juice in the equity rally yet.
A second-quarter earnings season that’s set to beat the consensus and reinvigorated faith in the Trump Administration’s policy objectives will spur the S&P 500 Index about 10 percent higher to a record 2,700 by the end of the year, according to Morgan Stanley Chief Equity Strategist Michael Wilson.
“The U.S. equity market can continue to grind higher on the back of improving earnings as it has done for the past several months,” Wilson wrote in a note Monday. He reiterated his April call for the U.S. benchmark…
Morgan Stanley Just Doubled Down on Its Bullish Bet on the S&P
