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Morgan Stanley sees potential for a late cycle US equities rally, similar to 2019

Morgan Stanley sees potential for a late cycle US equities rally, similar to 2019
A note on Monday from Morgan Stanley strategist Mike Wilson. He has been bearish through 2023 but sees potential for a late cycle rally now. He says current conditions look similar to 2019, when the S&P 500 rose 29% "In our view, the positive policy impact has been supported by a very strong fiscal impulse, a still supportive global liquidity backdrop and optimism that the Fed can now transition to easier monetary policy given the falling inflation data" "The latest example of such a period occu... Read More
Posted: Jul 31 2023, 22:05
Author Name: forexlive
Views: 110688

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