Morgan Stanley's Mike Wilson said that the strengthening of the US dollar is one of the few obstacles that may hinder the stock market's prosperity. This wave of gains has already driven US stocks to set a series of records. As investors prepare for the latest round of corporate earnings, the S&P 500 index set a record for the 46th closing of the year on Monday. Wilson said, “One of the factors that may slow gains again is the strengthening of the dollar.” The Bloomberg dollar index has risen about 2% since the beginning of October as investors cut their bets on how much the Federal Reserve will cut interest rates in the future.

Morgan Stanley's Mike Wilson said that the strengthening of the US dollar is one of the few obstacles that may hinder the stock market's prosperity. This wave of gains has already driven US stocks to set a series of records. As investors prepare for the latest round of corporate earnings, the S&P 500 index set a record for the 46th closing of the year on Monday. Wilson said, “One of the factors that may slow gains again is the strengthening of the dollar.” The Bloomberg dollar index has risen about 2% since the beginning of October as investors cut their bets on how much the Federal Reserve will cut interest rates in the future.