Published May 24, 2024
One of Wall Street’s last remaining bears threw in the towel this week when Morgan Stanley’s Michael Wilson raised his outlook for the stock market. This came after Mr. Wilson warned for over a year that the market was vulnerable and the economy shaky. The data has been anything but concerning so far in 2024 with consumer spending remaining strong and investors ever-more confident. Stocks have delivered an average year’s worth of gains in less than six months. (more…)