Morgan Stanley is raising red flags about U.S. equity markets heading into 2025.
Sky-high valuations could set the stage for a turbulent year, according to Mike Wilson, the bank's chief U.S. equity strategist. The S&P 500 is "extremely expensive" and investors should brace for lower multiples and more challenging conditions after 2024's rally, he says on the most recent edition of Morgan Stanley’s “Thoughts on the Market” podcast.
