S&P 500 is expected to rise another 10%! Two well-known Wall Street strategists are bullish on US stocks in unison
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Two top strategists on Wall Street have become more optimistic about the US stock market, believing that the S&P 500 index is expected to rise by 10%. Michael Wilson of Morgan Stanley and David Kostin of Goldman Sachs pointed out that a strong labor market, economic resilience, and interest rate cuts are the main reasons. Wilson raised his view on cyclical stocks, while Kostin increased his expectations for next year's earnings growth of S&P 500 component companies, raising the target from 6000 points to 6300 points
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