Morgan Stanley Chief Investment Officer Mike Wilson says that US shares will probably continue to climb this year as the outlook of 2026 for income improves.
In a new interview on CNBC’s Squawk Box, Wilson out That the S&P 500 can achieve more than 860 points from the current level after Trump’s trade policy has become clearer.
“7,200 has been our bull’s case [for the S&P 500]. And what we have recently said is that we tend to be more like that case, because that is a profit story. And that was our phone call six months ago. While we explain this, we said, look, the first half becomes difficult. They are going to sink the countertop. We are going to do all the negative growth things, and then they will turn the switch. They just did that faster and more violent than we expected. So now that the second half story is playing even faster, but it gives us more confidence that the profit story will look pretty good in 2026. ”
Wilson also says that the markets have largely adopted the tariff -controlled consequences of President Trump, but shares can have a cooling -off period this year before they resume their climb.
“This means that rates do not affect the trade, they will not have an influence on the growth of GDP and things like that? Of course it is. But the market has already taken into account that in the first quarter in the largest quarter. Now we have taken a lot of recovery. The greater risk is now that the stock market will be in the average person again.
From the end of Thursday, the S&P 500 acts at 6,339 points.
https://www.youtube.com/watch?v=ZSY_ZZWNTRQ
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