Morgan Stanley strategist: "FOMO" is expected to drive the S&P 500 to touch 6100 points by the end of the year

According to Golden Finance, Mike Wilson from Morgan Stanley believes that the S&P 500 index may continue to rise before the end of the year, and a 5% rise from now on is not impossible, as investors breathe a sigh of relief after the U.S. presidential election and experience FOMO (fear of missing out) at the end of the year. However, the strategist warns that this enthusiasm may fade as 2025 approaches, due to the lack of obvious catalysts. ‘I think we may see 6000 points if there isn’t too much panic, and people feel good about the situation,’ Wilson said. This means that the index will rise by nearly 5% from the level of around 5728 points last Friday. Wilson later added that the S&P 500 index could rise to a maximum of 6100 points, but due to overvaluation and difficulty in further expanding the price-to-earnings ratio as it approaches 2025, the index will not break through this level ‘under any circumstances’ this year.