The stock market still hasn’t priced in the positive impact from interest-rate cuts, says Morgan Stanley’s Mike Wilson
1. Morgan Stanley's Mike Wilson emphasizes strong stock returns during rate-cutting cycles. 2. Markets anticipate five 25 basis point cuts by end of 2026. 3. Lower rates boost valuations and earnings growth potential. 4. Risks include rising consumer prices and weak payrolls numbers. 5. Wilson remains bullish, citing cash flow and AI factors.