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Morgan Stanley Strategist: 'Missed Fear' Expected to Push S&P 500 to 6,100 by Year-End

Morgan Stanley Strategist: 'Missed Fear' Expected to Push S&P 500 to 6,100 by Year-End

Bitget2024/11/04 18:16

On November 5, Morgan Stanley's Mike Wilson argued that the S&P 500 could continue to climb through the end of the year, with a 5% rise from now not out of the question, as investors breathe a sigh of relief after the US presidential election and end the year with a “fear of missing out” (FOMO) mentality. But the strategist warned that this enthusiasm could fade as 2025 approaches, with no obvious catalyst in sight. “I think we could see 6,000, if there's not much panic and people feel good about the situation,” Wilson said. That would mean the index would rise nearly 5 percent from Friday's close at around 5,728. Wilson then added that the S&P 500 could rise as high as 6,100, but that the index “under no circumstances” would break that level this year because of high valuations and the difficulty of expanding the price-earnings ratio further as it heads toward 2025. will not break through that level this year.

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