Morgan Stanley not sounding downbeat for S&P 500 in 2025

Morgan Stanley Investment Management on US equities, speaking with Dow Jones / Market Watch

• “We’ve had a heck of a good run,”
• rally “probably continues once we get through the election”
• “but I’m not sure next year will be quite as good a year”
• rally pause on the 10-year Treasury rate’s move higher
• but encouraged by companies’ earnings results so far in Q3 reporting season
• backdrop is of a strong economy
• still favoring cyclical, eg financials, industrials
• not selling tech stocks

This article was written by Eamonn Sheridan at www.forexlive.com.