Strategist Michael Wilson sees the S & P 500 reaching 6,500 in 2025.
The sector is already up 6.8% since the Nov. 5 election, outperforming the other 10 S & P 500 sectors.
The benchmark 10-year Treasury note yield is up more than 80 basis points (0.8 percentage point) since the Fed began cutting rates.
While Wilson's base case sees the S & P 500 rising to 6,500, his most optmistic bullish scenario takes the benchmark all the way to 7,400 — 26% above Friday's close.
However, his initial 2024 S & P 500 target proved too conservative at 4,500.
Persons:
Morgan Stanley, Michael Wilson, Wilson, Donald Trump, Baird
Organizations:
Fed
Locations:
Washington, Friday's