Morgan Stanley’s Michael Wilson boosted his 12-month S&P 500 target to 5,400, a 20% jump from his last forecast of 4,500, though it assumes the market could rise only 2%. His previous forecast implied that the benchmark would fall 15% by December.

It’s a barren start to the week for economic data, but there is some Fedspeak, with Fed Vice Chair for Supervision Michael Barr talking at 9 a.m. Eastern, Fed Gov Christopher Waller giving welcoming remarks, also at 9 a.m., and Fed Vice Chair Philip Jefferson making comments at 10:30 a.m.

Morgan Stanley's Michael Wilson, previously bearish on the growth prospects of the S&P 500 (^GSPC), has now turned bullish on the index's potential. Once concerned about a potential downturn due to economic uncertainty,

One of Wall Street’s most prominent bears has just turned positive on the outlook for US stocks. Morgan Stanley’s Michael Wilson now sees the S&P 500 rising 2% by June 2025, a major about turn from his view that the benchmark will tumble 15% by December.

Our 2024 and 2025 earnings growth forecasts assume healthy, mid-single-digit top-line growth in addition to margin expansion,' Mike Wilson said.

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world One of Wall Street’s most prominent bears has just turned positive on the outlook for US stocks.