A shift in market sentiment is expected, with stocks poised for a “tradeable rally”, according to Michael Wilson, stock-market strategist at Morgan Stanley. The improving mood in equities is attributed to several factors, including recent economic data and rising investor confidence.
Wilson’s optimism is based on the S&P 500’s performance, which has been steadily increasing. This trend suggests that investors are becoming more willing to take risks and invest in the market. With this shift in sentiment, Morgan Stanley expects a “tradeable rally” to emerge, providing investors with opportunities to capitalize on the improving market conditions.
The reasons behind Wilson’s positive assessment of the market include the recent release of economic data, which has shown signs of recovery, as well as rising investor confidence. These factors have contributed to an overall improvement in market sentiment, setting the stage for a potentially bullish earnings season ahead.
Source: https://www.marketwatch.com/story/why-the-magnificent-7-can-bounce-into-the-next-earnings-season-according-to-morgan-stanleys-mike-wilson-2775eee7