What does Thanksgiving Carnival mean? The possibility of a big Christmas rally in US stocks is small

category:Finance
 What does Thanksgiving Carnival mean? The possibility of a big Christmas rally in US stocks is small


Morgan Stanley, however, has a different view.

Over the past year, Michael Wilson, chief U.S. stock strategist at Morgan Stanley, has done something that few on Wall Street can do: he accurately predicts market movements before they change, and he has a surprisingly accurate grasp of the timing of market inflection points. As a result, he is known as the most accurate forecaster on Wall Street.

He said that the number of new confirmed cases and deaths in the world is still increasing, and the vaccine will not be available for large-scale distribution in the next three to four months, and the market will soon be aware of the bad news.

In the long run, Wilson believes that the adjustment made before the year will not affect the bull market of US stocks next year. Wilson believes that next years economic growth and higher real interest rates will boost cycle stocks, value stocks and small cap stocks, which he calls a typical feature of the first year after the end of a recession. Wilson expects the S & P 500 to rise another 10% in the next 12 months.