Morgan Stanley strategists believe a new cycle has started and a recovery could be more normal than investors expect, therefore, there is room for the S&P 500 to rise 12% through June 2021. Key quotes “Morgan Stanley strategists have increased their base-case equity targets across the board with a forecast of 12% upside for the S&P 500 through June 2021, and 10% returns for the MSCI Europe. In Japan, the Topix could decline just 2% over the next 12 months, while the MSCI Emerging Markets index is now forecast to decline by 7% vs. 19% previously.” “A summer surge in US coronavirus cases, given the unpredictability of the pandemic and the effect on consumer market psychology, the path of coronavirus infections will remain a risk-factor to any outlook.” “The updated equity returns reflect improvements in target price-to-earnings (P/E) multiples and another six months of a strong earnings recovery. ‘High multiples on trough earnings is fairly common,’ says Wilson, whose team expects earnings to rebound 20% in 2021.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD strengthens further beyond 1.2500 mark amid notable USD supply FX Street 3 years Morgan Stanley strategists believe a new cycle has started and a recovery could be more normal than investors expect, therefore, there is room for the S&P 500 to rise 12% through June 2021. Key quotes “Morgan Stanley strategists have increased their base-case equity targets across the board with a forecast of 12% upside for the S&P 500 through June 2021, and 10% returns for the MSCI Europe. In Japan, the Topix could decline just 2% over the next 12 months, while the MSCI Emerging Markets index is now forecast to decline by 7% vs. 19% previously.” “A summer surge in… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
