Morgan Stanley's chief strategist, Mike Wilson, has shifted his outlook on US stocks from bearish to bullish. Wilson, who had previously held one of the most pessimistic views on Wall Street, has raised his target for the S&P 500 to 5,400 points from 4,500, marking a 20% increase. This adjustment follows a year in which his bearish predictions did not materialize as markets continued to rally. The move positions his forecast among the highest on Wall Street, projecting a fresh record for the index. Additionally, Morgan Stanley has also raised target prices for the Hang Seng Index, CSI 300 Index, and MSCI China Index. JPMorgan’s Kolanovic remains one of the last prominent bears.