Michael Wilson, Chief Investment Officer at Morgan Stanley, stated that US Stocks may face severe challenges in the next six months due to rising Treasury yields and a strengthening dollar raising concerns about inflation. Last November, Morgan Stanley set a 12-month Target Price of 6,500 points for the S&P 500 Index. He mentioned that the correlation between the S&P 500 Index and Bond yields has become significantly negative as the 10-year Treasury yield has climbed above 4.5%. The dollar is currently nearing levels that may pressure companies with substantial international Business, which could more broadly affect Stocks performance in the first half of this year. He believes there may be notable differences in market performance between the first and second halves of this year, with potential Bullish market policies such as tax cuts possibly supporting stock performance in the second half.