Morgan Stanley analyst predicts S&P 500 could leap another 11% this year

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, US, on Friday, June 9, 2023. (Credit: Michael Nagle—Bloomberg/Getty Images)

Despite a nightmarish cocktail of economic headwinds, the S&P 500 has enjoyed a surprisingly strong 2023—up 18% for the year to date.

And according to one expert that tally could go even higher, spiking again by as much as 11% as the summer season comes to a close.