Posted 12/28/2023, 12:22:00 AM
Morgan Stanley Manager: Markets Shifting from Fear to Greed as Bulls Take Charge
- You've got "your head in the sand" if you're bearish now as markets move from fear to greed stage, says Morgan Stanley portfolio manager
- S&P 500 is nearly back to where it started 2021 after wild swings, but poised to break out as investors switch gears
- Bulls outnumbering bears now in sentiment surveys, with optimism at highest level in over 2 years
- Equal-weighted S&P index lagging cap-weighted index shows most stocks still behind the biggest gainers
- Some strategists very bullish about potential "Roaring 20s" era ahead, though soft landing or surprise recession still possible