On November 5, news emerged that Mike Wilson, Chief U.S. Equity Strategist at Morgan Stanley, stated that as the U.S. presidential election nears its conclusion and year-end FOMO (Fear of Missing Out) sentiment begins to manifest, investors are starting to let their guard down. The S&P 500 Index (SPX) could continue to climb into the final stages of 2024, and a further increase of 5% from that point is not out of the question. In an interview on Monday, he said, 'I believe that in some sort of clearing event, the S&P 500 could reach 6000 points, at which point there won’t be much panic, and people will feel good about things.' This implies that U.S. stocks could rise nearly 5% from last Friday's closing point of 5728. Wilson later added that the S&P 500 might rise to 6100 points by year-end, but due to high valuations and the unlikely acceleration of economic growth to drive valuations higher, the index 'under no circumstances' will exceed this level by 2025. (Jinshi)