Michael Wilson News

A new study by First Citizens Wealth, the wealth management division of First Citizens Bank, pulls back the curtain on well-heeled Americans’ sentiments toward money management and planning for the future.

US stock market has risen in 2025 and isn't far from its all-time high set last week. But it's climbed less than stock indexes in Mexico City, Paris and Hong Kong. The difference in performance has been so stark than an index of stocks from 22 of 23 developed economies around the world, excluding the United States, has trounced the S&P 500: a 7.5 per cent rise through Monday versus 1.7 per cent for Wall Street's benchmark.

A dimmer outlook for US corporate earnings is likely to hurt stocks that are tied to the economy, as investors worry about the impact of falling inflation on pricing power, according to Morgan Stanley’s Michael Wilson.

One of Wall Street’s most prominent bears has just turned positive on the outlook for US stocks.

Deutsche Bank has raised its 2024 year-end S&P 500 target to 5,500, the highest among major brokerages, banking on strong corporate earnings to support equity valuations. The brokerage previously expected the index to finish 2024 at 5,100 points. The new target, at the top end of its range of 5,100-5,500, is around 4% higher than the index's last close of 5,303.27.

Stocks made small gains in holiday-thinned trading as traders turned their attention to a line-up of central bank speeches this week. 

A rally that’s pushed US stocks to a new record this year will stall if company earnings disappoint, according to two of Wall Street’s most bearish strategists.

Bond yields are approaching a key level that could potentially disrupt the equities rally, according to Morgan Stanley strategists.

Slashed earnings estimates are creating the optimal platform for US companies to beat expectations this earnings season, according to Morgan Stanley’s Michael Wilson.

U.S. stocks will resume last year’s 24% rally only if economic growth picks up, according to Morgan Stanley’s Michael Wilson.

Quiver Quantitative — The euphoria on Wall Street encountered a reality check this week, with stocks and bonds retreating and raising questions about the sustainability of the recent market rally. The focus now shifts to upcoming key jobs data, which is anticipated to significantly influence the Federal Reserve's policy decisions. This turn of events follows a remarkable period of gains, with the S&P 500 and Nasdaq 100 experiencing robust growth last month. However, experts like Morgan Stanley’s (MS) Michael Wilson and JPMorgan’s (JPM) Mislav Matejka suggest that this rally might be treading on thin ice, with potential volatility looming on the horizon.

US stocks are headed for a rocky end to the year after rallying in November as bond yields fluctuate, according to Morgan Stanley’s Michael Wilson.

Bank of America Corp. strategists who join a growing chorus of optimistic Wall Street forecasters. The team led by Savita Subramanian is bullish on US equities for next year “not because we expect the Federal Reserve to cut, but because of what the Fed has accomplished." “The market has absorbed significant geopolitical shocks already," they wrote in a note on Tuesday, adding “US exceptionalism is intact." They see the S&P 500 closing at a record 5,000 by the end of 2024, which is 10% higher than Monday’s close.

gains for the S&P 500 Index in 2024, say strategists at Goldman Sachs Group Inc., becoming the latest Wall Street bank to come out with a bullish call. The team, led by David Kostin, joins others who have turned more positive about the outlook for equities, like Morgan Stanley's Michael Wilson. Meanwhile, Bank of America Corp.'s Michael Hartnett has said investors have moved to overweight positions in stocks and bonds. Kostin's expectations are still moderate: he sees the US benchmark ending next year at 4,700 points, nearly 5% above its current level, but a slower advance than this year's 17% rally so far. A supportive mix of factors awaits US stocks, with the economy set to avoid a recession, earnings rising and valuations remaining steady, the Goldman team wrote in a note Wednesday.

Capital Group is seeing an opportunity for investors to load up on global equities after the Federal Reserve held rates on Wednesday, signaling an end to its aggressive tightening cycle.“The really big message for investors is that this moment of central banks peaking is likely to be the opening of a window where it’s going to be a really good time to get invested,” Andy Budden, investment director for equities at the $2.3 trillion manager said at a briefing in Singapore.Stocks and bonds extended gains in a relief rally Thursday on hopes the Fed is nearing the end of its historic tightening campaign. Worries over higher borrowing costs have sparked a global rout this year, with emerging markets seeing a selloff in risk assets amid a stronger dollar.Capital Group is now advising clients to “have the courage to act,” portfolio manager Winnie Kwan said at the same briefing.

The odds of a year-end rally in US stocks are fading as investors face a multitude of risks from elevated profit estimates to the Federal Reserve’s policy tightening, according to Morgan Stanley’s Michael Wilson.

More and more Wall Street equity strategists are sounding the alarm on the impact of higher interest rates.

Morgan Stanley’s Michael Wilson, an unwavering equity bear, says the correlation between real rates and equity returns has fallen deeper into negative territory — a sign that interest rates have once again become a determinant of stock performance. At Bank of America Corp., however, Savita Subramanian thinks equity markets can still thrive if rates remain elevated.

Consumer stocks, one of the brightest corners of the market this year, are about to lose their shine as risks build for the sector, according to Morgan Stanley’s Michael Wilson.

Stocks fell as traders took risk off the table ahead of a raft of policy decisions this week from the US, the UK and Japan. 

After a sharp stock rally this year on the back of resilient economic growth, investors now have a more negative outlook for risk assets in 2024, according to Morgan Stanley’s Michael Wilson.