S&P 500 Zooms to 5,400 says Morgan Stanley.
@JC888：
Celebration time? Is the month of May 2024 really the start of the Bull run engine? From the desk of $Morgan Stanley(MS)$, Chief Investment Officer, Mike Wilson - it certainly looks so. In his Sun, 19 May 2024 notes to clients (high net worth I supposed): He is done (for now at least!) calling for US stocks to fall off a cliff. After having one of the lowest $S&P 500(.SPX)$ year-end targets for the past year, he officially changed his tune. Mr Wilson sees the S&P 500 hitting 5,400 level in the next 12 months, up from his previous forecast that the index would fall to 4,500. His newfound target reflects about +2% upside in the index over the next 12 months, despite valuations falling and earnings con