Morgan Stanley on Monday updated its base case for S&P 500 growth through June 2021, citing a swift economic recovery.
"A faster re-opening than expected along with a powerful combination of fiscal an monetary stimulus all support an economic and earnings recovery," Wilson wrote.Morgan Stanley just boosted its price target for the S&P 500 on optimism that a V-shaped economic recovery from the coronavirus pandemic will lead to profit growth.
"Ultimately our new risk reward range skews positively with greater upside to our bull case than downside to our bear case," Wilson wrote. from the shock of the coronavirus pandemic to drive slightly better-than-expected results this year and a material rebound of 20% in 2021. The firm has maintained a positive outlook on US equity markets from March lows as it's a new economic cycle and bull market, according to the note.
if you guess enough... Morgan Stanley Sees U.S. as a Laggard in 2020 Across Markets, November 17, 2019, Morgan Stanley releases new forecast showing U.S. economy may drop as much as 38%, April 3, 2020 Morgan Stanley Makes Bold Prediction That the Market Low Is In April 7, 2020
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