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Morgan Stanley's Mike Wilson Sees 'Crystal Clear' Earnings Growth, Says 'Big Beautiful Bill' Will Fuel Consumer Stocks Rally - iShares U.S. Consumer Staples ETF (ARCA:IYK), Invesco QQQ Trust, Series 1
Benzinga· 2026-01-09 08:42
Morgan Stanley Chief Investment Officer Mike Wilson delivered a strikingly bullish outlook for the U.S. equity market this week, predicting high teens earnings growth and placing his bets on the consumer goods sector.The ‘Big Beautiful Bill’ CatalystSpeaking on CNBC's Squawk Box, Wilson characterized the path forward as “crystal clear,” driven by a stabilizing Federal Reserve and legislative tailwinds that are set to reignite the consumer sector.Wilson identified consumer goods as his top conviction pick fo ...