According to ChainCatcher news, as reported by Jin10, Morgan Stanley strategist Michael Wilson stated that the US stock market still has further upward space after rising for four consecutive months, as the Fed's interest rate cut cycle will resonate with strong corporate earnings. He pointed out that the US economy is entering the "early stage of the cycle", with nominal corporate earnings continuing to rebound while borrowing costs start to decline. Wilson believes that if a pullback occurs in the stock market in the short term, it may lay the foundation for a strong finish at the end of the year.
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The rise of the US stock market will continue, and pullbacks are opportunities to buy on dips.
According to ChainCatcher news, as reported by Jin10, Morgan Stanley strategist Michael Wilson stated that the US stock market still has further upward space after rising for four consecutive months, as the Fed's interest rate cut cycle will resonate with strong corporate earnings. He pointed out that the US economy is entering the "early stage of the cycle", with nominal corporate earnings continuing to rebound while borrowing costs start to decline. Wilson believes that if a pullback occurs in the stock market in the short term, it may lay the foundation for a strong finish at the end of the year.