The Zhitong Finance App learned that Michael Wilson, chief US stock strategist at Morgan Stanley, said that in combination with the upcoming interest rate cut by the Federal Reserve and steady corporate profit performance, the US stock market is expected to continue to rise after 4 consecutive months of rise. The strategist, who correctly predicted the rebound of US stocks during the April sell-off, said that the US economy is entering the “early phase of the cycle,” where nominal profits continue to grow while borrowing costs are falling. He added that interest rate sensitive stocks such as small-cap stocks have lagged behind since this year, which indicates that there is room to make up for growth.

The Zhitong Finance App learned that Michael Wilson, chief US stock strategist at Morgan Stanley, said that in combination with the upcoming interest rate cut by the Federal Reserve and steady corporate profit performance, the US stock market is expected to continue to rise after 4 consecutive months of rise. The strategist, who correctly predicted the rebound of US stocks during the April sell-off, said that the US economy is entering the “early phase of the cycle,” where nominal profits continue to grow while borrowing costs are falling. He added that interest rate sensitive stocks such as small-cap stocks have lagged behind since this year, which indicates that there is room to make up for growth.