2026 U.S. Outlook: The Bull Market’s Underappreciated Narrative

<p>Our CIO and Chief U.S.&nbsp;Equity Strategist Mike Wilson explains why he continues to hold on to an out-of-consensus view of a growth positive 2026, despite near-term risks.</p><p>Read more&nbsp;<a href="https://www.morganstanley.com/insights?cid=mg-SM_CORP-insights-17607" rel="noopener noreferrer" target="_blank">insights</a>&nbsp;from Morgan Stanley.</p><p><br></p><p>----- Transcript -----</p><p><br></p><p>Welcome to Thoughts on the Market. I'm Mike&nbsp;Wilson, Morgan Stanley’s CIO and Chief U.S.&nbsp;Equity Strategist.&nbsp;</p><p>Today I’ll discuss our outlook for 2026 that we published earlier this week.&nbsp;&nbsp;</p><p>It’s Wednesday, Nov 19th at 6:30 am in New York.&nbsp;</p><p>So, let’s get after it.&nbsp;</p><p>2026 is a continuation of the story we have been telling for the past year.&nbsp;</p><p>Looking back to a year ago, our U.S. equity outlook was for a challenging first half, followed by a strong second half. At the time of publication, this was an out of consensu...