Economy: Early Cycle, 14% S&P Rise Expected

Despite red economic signals, Morgan Stanleys equity research department predicts a bullish outlook for the S&P 500 in 2023. They cite a significant earnings rebound, wage growth slowdown, consumer demand acceleration, and Federal Reserve interest rate cuts as key indicators of an early cycle environment, suggesting a 14% rise to 7800. They also highlight consumer discretionary stocks, small-cap companies, and the financials sector as potential outperformers.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.