Morgan Stanley's Mike Wilson: Stock Market Has Yet to Reflect Benefits of Interest Rate Cuts
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 02 2025
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Source: MarketWatch
Market Strategy Insight: Morgan Stanley strategist Mike Wilson advises investors to buy dips in September, emphasizing that stock-market returns remain strong during the rate-cutting cycle, contrary to the "buy-the-rumor, sell-the-fact" adage.
Bond Market Expectations: The bond market anticipates approximately five rate cuts of 25 basis points each by the end of 2026, which historically supports higher stock valuations due to lower discount rates on future earnings and above-average earnings growth.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
