Mike Wilson of Morgan Stanley predicts that the S&P 500 could reach 6,100 by the end of the year due to a surge of investor enthusiasm known as FOMO.
Wilson's analysis suggests that the upcoming election could have a significant impact on this potential rally, as it may serve as a market-clearing event. As investors anticipate the election's outcome, market dynamics could shift, leading to increased buying activity.
This sentiment is widely shared in the financial markets, where political events are closely monitored for their potential influence on stock performance.