Bloomberg Talks
Morgan Stanley's Mike Wilson Talks S&P Call, Fed Policy
May 21, 2024
Morgan Stanley's Chief US Equity Strategist, Michael Wilson, discusses raising his S&P 500 price target to 5,400 and the market's reliance on loose monetary policy. They dive into stock picking strategies for institutional clients, factors supporting the S&P 500, market risks, political outcomes affecting market multiples, and the economic outlook post-election.
10:32
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Quick takeaways
- Morgan Stanley's Mike Wilson raised S&P 500 target to 5,400, citing market supported by loose monetary policy.
- Investors advised to focus on trade ideas, sector strategies amidst uncertainty stemming from potential outcomes.
Deep dives
Market Uncertainty and Multiple Outcomes
The market presents a unique challenge with a wide range of potential outcomes, from a soft landing to a recession. The uncertainty stems from the various possible scenarios that could unfold, leading to a significant degree of uncertainty in predictions. Investors are advised to navigate this environment by focusing on trade ideas and specific sector strategies.
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