One of Wall Street’s last prominent bears has just capitulated and turned positive on the outlook for US stocks. Morgan Stanley’s Michael Wilson now sees the S&P 500 rising 2% by June 2025, a major about turn from his view that the benchmark will tumble 15% by Dec. Wilson’s 20% upgrade leaves JPMorgan’s Dubravko Lakos-Bujas among the few remaining prominent bears on Wall St. His forecast calls for a slump of more than 20% in the S&P 500 by year end.