Wall Street's biggest bear flips, raises S&P 500 price target by 20%

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Mike Wilson News

Earnings Growth,Morgan Stanley,Target

Morgan Stanley chief investment officer Mike Wilson believes an improving growth outlook and an earnings rebound will drive the S&P 500 higher over the next ...

) year-end targets for the past year, Morgan Stanley 's chief investment officer changed his tune in a note to clients on Sunday.

Wilson agrees with his peers that the growth outlook has improved, but is more measured on what that could mean for stocks moving forward. "Markets appear to have moved from a 'soft landing' outcome in January to a 'no landing' in March and now back towards a 'softer landing,'" WIilson wrote. Michael Burry bought about $8 million worth of a trust that owns physical gold bullion. John Paulson has been betting big on gold for years.A Russian court has ordered that Deutsche Bank's and Commerzbank's assets, accounts, property and shares be seized in Russia as part of a lawsuit involving the German banks, court documents showed.

Source: News Formal (newsformal.com)

Earnings Growth Morgan Stanley Target

 

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