Morgan Stanley Highlights Market Strength Amid Earnings Season Surge
Equity markets continue their upward trajectory in 2025, with the S&P 500 gaining 16% and the NASDAQ climbing 22%. Third-quarter earnings are driving momentum, as over 90% of S&P 500 companies reported an 11.75% profit increase—outpacing FactSet's initial 8% forecast. Revenue growth stands at 8.2%, reinforcing bullish sentiment.
Morgan Stanley's Mike Wilson notes the earnings beat rate exceeds historical averages, signaling a broadening market rally. "Sales performance is the strongest in four years," he observes, suggesting the bull market that began in April 2024 has room to run. This trend, he argues, remains underappreciated by consensus forecasts.