MarketWatch
US · 2 hrs ago
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This is why stocks keep rallying, according to Morgan Stanley
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Morgan Stanley attributes recent stock market gains to rising earnings growth expectations and a compression in price-earnings multiples for the S&P 500, arguing that the growth underlying the rally is broad-based and sustainable.
This is why stocks keep rallying, according to Morgan Stanley
The steady increase in earnings growth expectations has led to a compression in the price-earnings multiple for the S&P 500 index. Furthermore, the growth is broader and more sustainable, Morgan Stanley argues
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