According to Odaily, Wall Street strategists are increasingly optimistic about the U.S. stock market. Analysts from Morgan Stanley and Goldman Sachs have highlighted the resilience of economic growth as a factor that will limit any potential downturns during the summer. Morgan Stanley strategist Michael Wilson abandoned his long-standing bearish stance in mid-2024. He noted that the significant improvement in U.S. corporate earnings prospects is favorable for the S&P 500 index's performance by the end of the year. Wilson reaffirmed a 12-month target price of 6,500 points, suggesting an approximate 8% increase from current levels. Goldman Sachs strategist David Kostin indicated that recent market trends show investors are absorbing an optimistic growth outlook, with economically sensitive sectors outperforming defensive ones.