Morgan Stanley's Mike Wilson is warming to the U.S. stock-market rally. Here's what would make him turn bullish.

Morgan Stanley’s top U.S. equity strategist Michael Wilson, one of Wall Street’s most prominent bears, is warming to the idea that the 2023 stock-market rally might have legs.

In a note shared with clients earlier this week, Wilson, who was one of only a handful of Wall Street strategists to anticipate 2022’s inflation-shock driven selloff, sketched out a scenario that could see U.S. stocks continue to climb. See: Morgan Stanley’s Mike Wilson admits ‘we were wrong’ about 2023 stock-market rally, but refuses to throw in the towel

Growth stocks like the Magnificent Seven megacap technology names are leading the way in 2023, just like they did in 2019. In fact, the composition of the 2023 appears eerily similar to 2019, Wilson and his team noted, offering up a chart showing how technology-led growth — then as now — was in the front of the pack while defensive sectors like consumer staples trailed.

Treasury bills with lifespans of just a few months are still offering some of the most attractive yields in two decades, with the six-month bill yield at 5.485% on Wednesday, according to FactSet data.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Stocks are in a 'pivot rally' that can still go higher: Morgan StanleyStocks are in the middle of a 'pivot rally' that still has room to run, according to one of Wall Street's biggest bears
แหล่ง: BusinessInsider - 🏆 729. / 51 อ่านเพิ่มเติม »

Morgan Stanley's Slimmon names top tech stocks to buy after earningsMorgan Stanley's Andrew Slimmon said there are reasons to be a 'little cautious' coming out of the busiest week for earnings.
แหล่ง: CNBC - 🏆 12. / 72 อ่านเพิ่มเติม »

15 high-quality stocks to buy with healthy profits: Morgan StanleyMorgan Stanley: Buy these 15 high-quality stocks that will maintain stable profits during a volatile earnings season
แหล่ง: BusinessInsider - 🏆 729. / 51 อ่านเพิ่มเติม »

What's next for the housing market: 5 themes to watch, Morgan StanleyMorgan Stanley: These are the 5 key themes shaping the housing market for years to come, and the 5 stock-market industries filled with opportunities and pitfalls investors need to watch for
แหล่ง: BusinessInsider - 🏆 729. / 51 อ่านเพิ่มเติม »