Michael Wilson: What's Behind The Global Market Meltup And Can It Continue

By Michael Wilson, chief equity strategist at Morgan Stanley

Over the past five months, the MSCI All Country World Index is up ~25% while many other asset prices are up double digits or more. What’s driving this appreciation? Many factors are at work, but for stock indices, it’s been mostly about easier financial conditions and higher valuations rather than improving fundamentals.

michael wilson whats behind the global market meltup and can it continue

Authored by Tyler Durden via ZeroHedge March 24th 2024