Why the Dow can hit records while broader market lags

Robust corporate earnings will power the US stock rally in 2026 as risks around an uncertain rates outlook prove short-lived, according to some Wall Street strategists.
Morgan Stanley’s Michael Wilson said there were “clear signs” that an earnings recovery was underway and that US firms were enjoying better pricing power. He also pointed to a trough in earnings revisions, which is the number of analysts downgrading versus upgrading estimates. He speaks with Bloomberg's Nathan Hager on Bloomberg Daybreak. 

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