A new bull market has begun and is still in the early stages, so buy the dips, top Wall Street analyst says

"The stock market selloff in April marked the end of a bear market, and Morgan Stanley's Mike Wilson states that a new bull market has started."

"Wilson noted that any volatility and consolidation along the way are normal, and it's preferable to a market that goes straight up like in 2020."

"Since the low in April, the S&P 500 has shot up 30%, hitting fresh records and is up almost 9% so far this year."

"Wilson believes the S&P 500 could reach 7,200 by mid-2026, driven by strong earnings and AI advancements."

Morgan Stanley's Mike Wilson announced the end of a bear market following the stock market selloff in April, indicating the beginning of a new bull market. Despite potential volatility, investors should continue to buy the dips as the market is still early in its bullish phase. The S&P 500 fell nearly 20% at its April lows but has since risen 30%, with expectations of reaching 7,200 by mid-2026. Wilson views the current market behaviors as preferable to rapid increases observed previously.

Read at Fortune