币界网报道：June 30. Morgan Stanley Chief Equity Strategist Mike Wilson noted that the stock market's rally since April has been driven primarily by fundamentals. While there could be a short-term consolidation, he is optimistic about the next 6-12 months as corporate earnings improve and the market is positive about rate cuts. The bank believes that the following three main factors will support the upward trend: Earnings Improvement: Earnings per Share (EPS) revisions have rebounded to -5% from -25% in April, providing support for further gains in the index; Rate Cut Expectations: The market has begun to price in the Fed's easing policy, with Morgan Stanley expecting a total of seven rate cuts by 2026; Risk Easing: Falling oil prices and easing policy/geopolitical risks have significantly reduced recession concerns. Wilson said the current environment is conducive to a broad market rebound - the market will shift from high-quality large-cap stocks to a broader spread, and interest rate risks are currently manageable. [BlockBeats]