Morgan Stanley Sees Bullish Opportunities for US Assets in 2024
- Sees the S&P 500 Index hover at 4,500 at the end of 2024
- Expects the Federal Reserve to make its first rate cut in June
This article is for subscribers only.
Morgan Stanley’s strategists see US stocks and bonds outperforming their emerging markets peers next year, according to a note to clients.
“We expect US earnings growth to trough in early 2024 and rebound thereafter,” strategists including Serena Tang and Vishwanath Tirupattur wrote. US growth may stay strong relative to other regions, with emerging markets growth likely to disappoint, they said.