Stocks Headed For A Major Leap, Says Morgan Stanley Senior Portfolio Manager: 'You Have To Have Your Head In The Sand To Really Be Bearish'
Portfolio Pulse from Benzinga Neuro
Andrew Slimmon, a senior portfolio manager at Morgan Stanley Investment Management, expressed a bullish outlook on the market, suggesting that the S&P 500 is close to a breakout. The index is just 1% below its all-time high after a 24% surge this year, buoyed by a resilient U.S. economy and easing inflation. Despite the optimism, Morgan Stanley strategists caution about a possible recession in 2024. The 'Santa Claus Rally' and recent highs in the Dow Jones and Nasdaq 100 support the positive sentiment. Vance Howard, CEO of Howard Capital Management, predicts long-term bonds may outperform the S&P 500 in 2024, with the iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) seeing a 13% increase since early November.
December 28, 2023 | 1:58 am
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The iShares 20+ Year Treasury Bond ETF (TLT) has seen a 13% increase since early November, and Howard Capital Management's CEO predicts it may outperform the S&P 500 in 2024.
The positive mention of TLT's recent performance and the prediction of its potential outperformance compared to the S&P 500 in 2024 suggest a bullish outlook for TLT in the short term. The 13% increase since November indicates strong recent momentum, which could attract investor interest and potentially drive prices up in the short term.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80