Morgan Stanley's Mike Wilson Sees 'Crystal Clear' Earnings Growth, Says 'Big Beautiful Bill' Will Fuel Consumer Stocks Rally
He advised investors to expect at least one 10% pullback but urged them to view such dips as buying opportunities rather than signals to exit.
“If we don’t have a 10% correction, it would be unusual,” Wilson admitted. However, he dismissed concerns about an AI bubble or credit collapse, noting it is “too early” in the capital cycle for such risks to materialize.
Instead, he sees a year where “growth is good” and government policy remains supportive, providing a safety net for risk assets.
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Benchmark Indices Remain Mixed In 2026 So Far
On a year-to-date basis, the benchmark indices have been trading in a mixed manner so far in the new year. The S&P 500 index was up 0.63% YTD, the Dow Jones by 2.41%. However, the Nasdaq 100 was down by 0.07%.
The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF(NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, closed lower on Thursday. The SPY was down 0.01% at $689.51, while the QQQ declined 0.60% to $620.47, according to Benzinga Pro data.
The futures of Dow Jones, S&P 500, and Nasdaq 100 indices were higher on Friday.
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This article Morgan Stanley's Mike Wilson Sees 'Crystal Clear' Earnings Growth, Says 'Big Beautiful Bill' Will Fuel Consumer Stocks Rally originally appeared on Benzinga.com
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