Wall Street is becoming increasingly optimistic about the US stock market, with Morgan Stanley and Goldman Sachs believing that economic resilience will support the stock market

Odaily Planet Daily News: Wall Street strategists are becoming increasingly optimistic about the US stock market, with forecasters from Morgan Stanley and Goldman Sachs pointing out that the resilience of economic growth will limit any pullback in the summer. Morgan Stanley strategist Michael Wilson abandoned his long bearish stance in mid-2024. He stated that the significant improvement in the profit prospects of American companies is positive for the performance of the S&P 500 index before the end of the year. He reiterated a 12-month target price of 6500 points, which means an increase of about 8% from the current level. Goldman Sachs strategist David Kostin stated that recent market trends indicate that investors are digesting optimistic growth prospects, with economically sensitive sectors performing better than defensive sectors. (Golden Ten)