Morgan Stanley released its global equity outlook for the next 12–24 months. The investment bank now projects the S&P 500 to reach 7 800 by end-2026, up from previous estimates. The reasoning: heightened AI investment, structural tailwinds in U.S. earnings, and relative policy stability compared with other markets. Despite lingering uncertainty, the firm prefers U.S. stocks over global equities, and both over fixed income and sovereign debt. The outlook signals confidence in the U.S. growth engine and reinforces the idea that the “swing market” remains America.
Morgan Stanley Predicts U.S. Stocks to Outperform Globally in 2026
