Two leading Wall Street strategists strengthen their optimism about US stocks
2024/10/7 23:39 JST (some excerpts)
Raise judgments on business cycle stocks - Morgan S Wilson
The S&P 500 outlook for the next year was revised upward to 6300 - Goldman
Two leading Wall Street strategists have strengthened their optimism about US stocks. A strong labor market, a solid economy, and a decline in interest rates are in the background.
Morgan Stanley's Michael Wilson raised his judgment on business cycle stocks by comparing them with safer defensive stocks. It was based on the fact that the US employment statistics announced on the 4th exceeded market expectations and the forecast of additional interest rate cuts in the United States. He was one person who was bearish on stocks until the middle of this year.
Raise judgments on business cycle stocks - Morgan S Wilson
The S&P 500 outlook for the next year was revised upward to 6300 - Goldman
Two leading Wall Street strategists have strengthened their optimism about US stocks. A strong labor market, a solid economy, and a decline in interest rates are in the background.
Morgan Stanley's Michael Wilson raised his judgment on business cycle stocks by comparing them with safer defensive stocks. It was based on the fact that the US employment statistics announced on the 4th exceeded market expectations and the forecast of additional interest rate cuts in the United States. He was one person who was bearish on stocks until the middle of this year.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
