Analysts at Morgan Stanley have presented an optimistic forecast for the American stock market in 2026. The bank's experts believe that US stocks will show stronger performance compared to other global regions. They estimate that the S&P 500 index could rise by approximately 16%, reaching around 7,800 points by the end of 2026. This growth will be bolstered by accelerated investments in artificial intelligence, increased corporate efficiency, and favorable policies from the Federal Reserve.
Morgan Stanley emphasizes that the current positive momentum will persist due to rising corporate profits and the expanding influence of artificial intelligence integration in the US economy. It is anticipated that small-cap stocks will outperform large corporations, while cyclical sectors will show greater resilience than defensive ones. However, analysts acknowledge that uncertainty remains high, and the range of potential scenarios is broad.
Key risks to this scenario include global macroeconomic uncertainty, a slowing world economy, and market volatility in response to changes in US tariff policy. Despite these challenges, the bank highlights several promising areas. Focus remains on companies actively adopting artificial intelligence technologies, as well as businesses with stable profitability and substantial productivity enhancement potential through digitalization.
Morgan Stanley believes that technology and digital transformation companies will shape the new growth structure in the American market in the coming years. Long-term-oriented investors should pay attention to these sectors as the most promising avenues for generating returns in the upcoming economic cycle.
