---
title: Bears are capitulating...
description: "Mike Wilson chief equity strategist of Morgan Stanley has revised his price target of the S&P 500 from 4,500 to 5,400\nNotoriously a market bear, he had previously predicted a 15% drop by December for the index.\nSource: Radar, The Macro Guy, Bloomberg"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [Bears are capitulating...](https://blog.syzgroup.com/syz-the-moment/bears-are-capitulating)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | May 21, 2024, 12:31:39 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/bears-are-capitulating)

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