President Trump: Stock market growth is boosting the U.S. economy, and the stock market's gains are amazing.
Morgan Stanley strategists said large US stocks were attractive because they were expected to benefit from the spending bill and a strong earnings outlook. The team, led by Michael Wilson, said the tax bill was likely to improve cash flow, supporting investment logic in sectors such as technology, communications services, healthcare and energy. In addition, the breadth of forecast revisions - that is, the number of analysts raising earnings forecasts... has improved significantly.