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Morgan Stanley Bullish on S&P 500 as Early-Cycle Signals Emerge; OCC Greenlights Crypto for Banks
Morgan Stanley Bullish on S&P 500 as Early-Cycle Signals Emerge; OCC Greenlights Crypto for Banks
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BTCCSquare news:
Wall Street's outlook for U.S. equities has taken a decisive turn, with Morgan Stanley positioning the market at a critical inflection point. The firm's strategists, led by Mike Wilson, identify a "reset phase" where sector-by-sector recoveries could propel the S&P 500 to 7,800—a 16% surge—as earnings revisions gain momentum and pent-up demand surfaces across the economy.
Separately, regulatory tides continue shifting for digital assets. The Office of the Comptroller of the Currency has authorized national banks to engage in limited cryptocurrency activities, marking another institutional milestone for the asset class. This development arrives as traditional finance increasingly recognizes crypto's permanence.
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