On November 5th, Morgan Stanley's Mike Wilson believes that the S&P 500 index may continue to rise before the end of the year, with a 5% increase from now on not impossible, as investors breathe a sigh of relief after the US presidential election and experience a fear of missing out (FOMO) towards the end of the year. However, this strategist warns that without clear catalysts, this enthusiasm may fade as 2025 approaches. "I think we could see the 6000 level if there's not too much panic and people feel good about the situation." The S&P 500 index may rise to a maximum of 6100 points, but due to high valuations and difficulty in further expanding the P/E ratio as we approach 2025, the index will not break through this level this year "under any circumstances."