Morgan Stanley’s Slimmon projects stocks to soar beyond record highs

Amid record-high stock market levels, investors hoard cash, signalling the potential for further market surges, according to Morgan Stanley's Andrew Slimmon. With low equity expectations and a preference for modest Treasury bill yields, fear still grips markets, says Slimmon, marking the early phase of a bullish cycle. Despite the S&P 500's 11% surge this year and robust economic data, investor conviction remains tepid, driving a massive influx into money markets. Slimmon anticipates further gains driven by FOMO, citing substantial cash reserves awaiting deployment.

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By Alexandra Semenova

Investors are clinging to their cash even as stocks hit all-time highs, a sign that there's plenty of room for the market to extend those gains, according to Morgan Stanley's Andrew Slimmon.

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