Morgan Stanley analyst says the chance of a Q4 S&P 500 rally has fallen considerably

<p>Last week I posted on Morgan Stanley chief U.S. equity strategist Mike Wilson:</p><ul><li><a href="https://www.forexlive.com/news/morgan-stanleys-wilson-remains-comfortable-with-year-end-3900-sp500-target-20231024/" target="_blank" rel="follow" data-article-link="true">Morgan Stanley's Wilson "remains comfortable" with year-end 3900 S&amp;P500 target</a></li></ul><p>In a fresh note to open the week, Wilson maintained he sees downside, not upside for the US benchmark index:</p><ul><li>likelihood of a Q4 rally has “fallen considerably” over the past month</li><li>initial bullish sentiments waned in September</li><li>but did pick up again in October on expectations of better third-quarter earnings and seasonal strength into the year-end</li></ul><p>Says his 3900 target remains.</p>

This article was written by Eamonn Sheridan at www.forexlive.com.