Let's take a peek at expectations for 2025 😳

Just as everyone shifts focus toward 2024 🤔

Stocks are discounting mechanisms — i.e., they price in expectations for the future.

So as 2024 comes into focus, investors should also consider views about 2025 and beyond.

On Monday, Morgan Stanley’s Michael Wilson published his cautious 2024 target for the S&P 500, which included a rosier view on 2025. Here’s a summary of his forecast from his new 55-page research note: