Financial expert Mike Wilson predicts limited gains for the S&P 500 through 2024.

Financial expert Mike Wilson predicts limited gains for the S&P 500 through 2024.

According to a report by www.wallstreet-online.de, financial expert Mike Wilson of Morgan Stanley expects a possible earnings recovery for US stocks in 2024, but does not predict any big jumps for the S&P 500 index.

Wilson expects the S&P 500 to only rise to 4,500 points in the next twelve months, which represents an upside potential of just two percent from the current closing price. He points out that although the S&P 500 is up about 15 percent year to date, the rally has been mostly concentrated in certain stocks. This underlying earnings weakness is expected to last until early 2024 before a recovery occurs, Wilson said in a note.

This assessment from Mike Wilson could potentially have an impact on the stock market and the financial industry. A slower rise in the S&P 500 Index could cause investors to become more cautious and potentially shift their investments. This could also have an impact on investors' confidence in the stability of the market.

It remains to be seen whether Wilson's predictions will come true. Financial markets are diverse and respond to a variety of factors that are difficult to predict. It is therefore advisable to follow developments closely and, if necessary, adapt investment strategies accordingly.