On March 21st, Michael Wilson of Morgan Stanley stated that the severe volatility of US stocks that will plague Wall Street in 2025 may continue at least until the second half of this year, and stock prices are expected to remain below the highs reached last month. The company’s chief US stock strategist expects any recent gains to be temporary and led by low-quality companies, given the uncertainty surrounding the outlook for business and economic growth. My best guess is that this will be a rolling recovery, “Wilson said in an interview.” We don’t think it’s likely to hit new highs in the first half of this year. “However, he added that as investors shift their focus to 2026, it’s possible for the stock market to reach a record high in the second half of 2025.
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