Morgan Stanley analysts suggest that as investors breathe a sigh of relief following the election and the year-end "fear of missing out" sentiment begins to surface, the S&P 500 index could continue to climb in the latter stages of 2024, with a 5% increase from current levels not being impossible.
“If there isn’t much panic in the market and people feel good about things, I think the S&P 500 could rise to 6000 points”. This would imply an approximate 5% increase from current levels.
However, Wilson also warned that this enthusiasm may wane with the arrival of 2025, as there are no clear catalysts in sight.
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