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😀 Summer Rally Incoming? Morgan Stanley Thinks So!
Morgan Stanley’s top strategist Mike Wilson says a summer rally may be coming, based on one key indicator he trusts:
📊 Rate of change on earnings revisions breadth — basically, how quickly analysts are adjusting earnings forecasts up or down.
Historically, when this rate rebounds sharply from a very low level, markets tend to rally strongly with shallow and short-lived pullbacks.
That pattern is now repeating.
According to Wilson, this summer looks more like a setup for another leg higher, not a correction.
Let the summer gains begin?
#StockMarket #SummerRally #MorganStanley #BullMarket #EarningsSeason