From TokenPost · · 40s
Morgan Stanley's Wilson Sees S&P 500 Nearing 7,100 to 7,300
Morgan Stanley strategist Michael Wilson predicts S&P 500 will hit 7,100-7,300 before rebound.
In brief
Morgan Stanley strategist Michael Wilson predicts S&P 500 will hit 7,100-7,300 before rebound. Morgan Stanley strategist Michael Wilson says S&P 500 is nearing 7,100-7,300 range before rebound. Originally reported by TokenPost.
Morgan Stanley strategist Michael Wilson
Morgan Stanley strategist Michael Wilson said the S&P 500 is nearing a 7,100-to-7,300 downside range that he expects to precede a rebound.
Wilson recommends cyclical stocks
Wilson recommended increasing exposure to high-quality cyclical stocks over the coming weeks.
Strong earnings per share
He pointed to lower valuations and strong earnings per share among those stocks as the basis for that view.
The big picture
Morgan Stanley strategist Michael Wilson says S&P 500 is nearing 7,100-7,300 range before rebound.
