Morgan Stanley strategist Wilson: The Iran situation is unlikely to shake the bullish outlook on US stocks
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Mike Wilson's team wrote in the report that, based on historical experience, geopolitical risk events have not brought sustained volatility to the U.S. stock market. They cited the average performance of the S&P 500 index in the months following similar events as evidence. The strategists stated that, regarding the latest Iran conflict, the bearish argument mainly stems from the risk of a significant and sustained rise in oil prices, as this could damage what they believe is a strengthening business cycle. "Unless oil prices experience a historic and sustained surge, recent events are unlikely to change our bullish outlook for the U.S. stock market over the next 6 to 12 months," they wrote. (Bloomberg)
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