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Morgan Stanley’s Wilson Sees US Stock Market Rally Broadening

Morgan Stanley’s Wilson Sees US Stock Market Rally Broadening
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Morgan Stanley’s Wilson Sees US Stock Market Rally Broadening US stocks could get an additional boost from a rotation into cyclical, economically-sensitive industries that have lagged in the Iran war, according to Morgan Stanley strategists. The team led by Michael Wilson pointed to reports of increased traffic through the Strait of Hormuz and evidence that the drag from rates, oil prices and the dollar on equities may be easing. That could help draw cheaper stocks into market leadership...

Morgan Stanley’s Wilson Sees US Stock Market Rally Broadening US stocks could get an additional boost from a rotation into cyclical, economically-sensitive industries that have lagged in the Iran war, according to Morgan Stanley strategists. The team led by Michael Wilson pointed to reports of increased traffic through the Strait of Hormuz and evidence that the drag from rates, oil prices and the dollar on equities may be easing. That could help draw cheaper stocks into market leadership that’s been heavily concentrated in high-growth tech stocks, the strategists said in a note Monday.
Morgan Stanley’s (ORG) Wilson Sees (PERSON) US (LOCATION) Rally Broadening Morgan Stanley’s (ORG) Rally Broadening US (ORG) the Iran war (EVENT) Morgan Stanley (ORG) Michael Wilson (PERSON) the Strait of Hormuz (LOCATION)
Originally published by Bloomberg Markets Read original →