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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.

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