Bloomberg Talks Morgan Stanley Chief Equity Strategist Mike Wilson Talks Markets
8 snips
Nov 24, 2025 
Mike Wilson, Chief Equity Strategist at Morgan Stanley, shares insights on market optimism and a bullish 2026 target of 7,800 for the S&P 500. He discusses a misunderstood policy shift favoring growth, and how changes in government policy may help the private sector. Wilson also emphasizes the importance of liquidity signals and argues for Fed balance sheet expansion. He connects AI-driven investment to productivity gains while forecasting a disciplined CapEx cycle to support future wealth creation across industries.
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Bull Market Driven By Earnings Breadth
- Mike Wilson argues we are in a new bull market supported by broadening earnings, not just AI megacaps.
- He raised Morgan Stanley's S&P 500 target to 7,800 based on expected earnings growth into 2026.
Rolling Recession Rebalancing Private Economy
- Wilson says the U.S. already experienced a rolling recession concentrated in the private economy.
- He believes policy shifts and Fed cuts will let the private economy rebound next year.
Watch Markets To Time Fed Easing
- Watch labor and financial-stress data to judge Fed easing and market rotation into lagging sectors.
- Use market signals of liquidity tightening to anticipate Fed balance-sheet or rate actions.