S&P 500 Earnings Estimates

S&P 500 Earnings Estimates Morgan Stanley still expects S&P 500 earnings per share of $195 in 2023 and $241 in 2024. Image: Morgan Stanley Wealth Management

Treasury General Account Issuance

Treasury General Account Issuance U.S. Treasury issuance is expected to increase after the debt ceiling agreement, which could drain liquidity from the system. Image: Morgan Stanley Wealth Management

Inflation – U.S. Core PCE

Inflation – U.S. Core PCE The high U.S. core PCE inflation of 4.6% in March does not yet support terminating the Fed hiking cycle. Image: Morgan Stanley Wealth Management

S&P 500 Price Target

S&P 500 Price Target Morgan Stanley forecasts that the S&P 500 will achieve a level of 3,900 by the end of 2023 as their base case scenario. Image: Morgan Stanley Wealth Management

One-Year U.S. Treasury Credit Default Swap Spread

One-Year U.S. Treasury Credit Default Swap Spread The one-year U.S. Treasury credit default swap spread is currently twice what it was during the 2011 and 2013 debates over the debt ceiling, indicating that there is greater concern in the market about the risk of default. Image: Morgan Stanley Wealth Management