Morgan Stanley's Mike Wilson asserts the US economy and equity market have entered a new cycle, signaling broad-based recovery. Wilson, the bank's Chief US Equity Strategist and Chief Investment Officer, told Bloomberg that after three years of recessionary conditions, multiple economic sectors are now expanding. This 'broadening out' marks the pivotal shift he identifies as the core narrative.

Wilson reiterated his 2026 year-end S&P 500 target of 7,800, emphasizing this level reflects the emerging growth trajectory. The strategist's outlook carries weight as Morgan Stanley's top equity analyst, making this a significant market indicator.