Morgan Stanley: The Federal Reserve's rate cut expectations will drive the S&P 500 index to continue to pump.
Morgan Stanley's chief strategist Mike Wilson stated that the stock market's rise since April has been primarily driven by fundamentals, and he is optimistic for the next 6-12 months. Three key factors support the rise: improved corporate earnings, increased expectations for interest rate cuts, and a decrease in risks. It is expected that the market-wide rise will spread to multiple stocks.