Morgan Stanley's Chief Investment Officer, Mike Wilson, maintains his bearish outlook on US stocks, citing a lack of broad earnings growth as the reason for not upgrading his forecast. Wilson stands by his prediction of a 13% S&P 500 sell-off, emphasizing that the current market records are unsustainable. Despite other Wall Street analysts becoming more optimistic, Wilson remains firm on his year-end S&P 500 target of 4,500, stating that there is no justification to raise it.
From Morgan Stanley https://t.co/gLcFXJcRap
Morgan Stanley's Mike Wilson said today he sees no justification to upgrade his outlook for the year given an absence of broad earnings growth The strategist stuck to his year-end S&P 500 Index forecast of 4,500 in an interview on Tuesday with Bloomberg Surveillance Radio https://t.co/8c3nS2OU2R
S&P 500 $SPX will finish the year at 4,500 warns Morgan Stanley CIO Mike Wilson who says there is no reason to raise his target https://t.co/fxghuWkPSL
Morgan Stanley's CIO sticks by his forecast for a 13% S&P 500 sell-off, says FOMO-driven investors make records unsustainable https://t.co/B0IjhEzzyB
As a flurry of Wall Street forecasters bump up their optimism toward US stocks in lockstep, Morgan Stanley’s Mike Wilson won’t budge, arguing he sees no justification to upgrade his outlook given an absence of broad earnings growth https://t.co/z4jwSS3YQu via @markets