Morgan Stanley Sees S&P 500 Ending 2024 at 4,500 Despite Near-Term Headwinds
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Morgan Stanley predicts S&P 500 ending 2024 at 4,500, representing nearly 2% upside from current levels.
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Wilson sees near-term economic backdrop as challenged due to corporate commentary on consumer health.
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Fiscal stimulus fading and higher interest rates weighing on corporate and consumer sentiment.
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Earnings headwinds likely to persist into early 2023 before recovery.
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Wilson sees positive operating leverage and AI growth driving margin expansion and earnings growth in 2024.