With their wild swings and reversals exacerbated by a Federal Reserve bent on curbing inflation, US equities have been anything but simple to call this year, a challenge exemplified just this week by two of Wall Street’s most prominent strategists.
Morgan Stanley’s Wilson said he “would not rule out” the S&P 500 rising to about 4150 points -- a nearly 13 per cent upside from Monday’s close.Co’s Marko Kolanovic, among Wall Street’s most vocal bulls, has exhibited more caution for the coming months, citing increasing risks from central bank policies and geopolitics. Kolanovic, in effect, cut the size of his equity overweight and bond underweight allocations.
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