Morgan Stanley’s Wilson “remains comfortable” with year-end 3900 S&P500 target | Forexlive

Via a note on Monday from Morgan Stanley strategsit Mike Wilson:

• is expecting to see further choppy performance from equities through to the end of the year
• stocks could move lower this week, but while the pullback could be followed by a boun ce he sees the index lower into year end
• “Based on our views on earnings, valuations and policy (both monetary and fiscal), we believe the S&P 500 will have a hard time getting back above what were previously levels of support (i.e., 4300-4400) tactically”

• “Based on our fundamental and technical analysis, we remain comfortable with our 3900 year-end target”