fed pivot

Fed’s pivot is forcing stock-market skeptics to become believers

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Morgan Stanley’s Mike Wilson, who’s been one of the biggest pessimists among sell-side strategists, said Monday that the central bank’s shift last week is “a bullish outcome” for stocks. Piper Sandler & Co.’s Michael Kantrowitz — who held the most glum S&P 500 Index outlook this year — issued a mea culpa and now says … Read more