A rally in the S&P 500 in the fourth quarter of 2023 is "more likely than not," Morgan Stanley's Michael Wilson said.
Wilson and other strategists said most investors believe there is a potential rally if current levels persist in the near term, despite lingering concerns about higher interest rates and slowing economic growth.
"Many are still leaning toward a longer term than would be desirable to reduce the chance of missing a year in which narrow megacap strength has driven guidance," they said, even though confidence levels may have eased slightly last week .Morgan Stanley...
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