One of the Last Big Bears on Wall Street Turns Bullish on US Stocks
- Strategist hikes S&P 500 12-month target by 20% to 5,400
- Wilson says macro environment becoming harder to predict
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One of Wall Street’s most prominent bears has just turned positive on the outlook for US stocks.
Morgan Stanley’s Michael Wilson now sees the S&P 500 rising 2% by June 2025, a major about turn from his view that the benchmark will tumble 15% by December.