Mike Wilson, chief US equity strategist and CIO of Morgan Stanley (MS), discusses his outlook for equities in 2024. He expects the momentum of 2023 to continue for at least the first two quarters of the following year, with smaller, lower-quality companies continuing to struggle.

Wilson questioned the optimistic forecasts of some analysts, pointing out that lower inflation has not favored small caps and financial sectors as expected. He suggested that multiples should adjust, with earnings still strong for large companies, but with pressure on multiples due to more difficult comparisons in 2024.

(MT Newswires)

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