Core Insights - The U.S. stock market has shown resilience in early 2026, continuing to rise despite losses in the technology sector, indicating a broadening rally [1] Market Performance - The stock market's upward trend suggests a positive sentiment among investors, reflecting confidence in economic recovery and growth potential [1]

道指上涨425点，涨幅扩大至0.9%，美国ADP私人部门就业数据（小非农）欠佳，激发投资者对美联储 的降息预期。 标普500指数 目前涨0.39%，纳指涨0.25%。 ...

Core Viewpoint - Morgan Stanley strategist Michael Wilson predicts that U.S. stocks will continue to rise after four consecutive months of gains, supported by the Federal Reserve's impending interest rate cuts and strong corporate earnings [1] Group 1: Economic Outlook - The economy is entering an "early cycle phase," characterized by sustained nominal earnings growth and declining borrowing costs [1] - There is a suggestion that small-cap stocks and other interest rate-sensitive stocks have underperformed, indicating potential for a rebound [1] Group 2: Market Sentiment - Wilson opposes the view that "rate cut expectations have been fully priced in," emphasizing that while a seasonal weakness period is approaching, any pullback should be viewed as a buying opportunity [1]