Morgan Stanley's Michael Wilson said that the correction in the S&P 500 index is likely to be coming to an end, and the stock market may be preparing for a year-end rebound. He said that the US benchmark index is approaching his downward target range of 7100 to 7,300 points, and the index is expected to rise steadily in this range. Note: The index fell 2.7% last week to close at 7376.86 points, down 5.7% from the all-time high set on October 6. Wilson wrote, “There is no need to wait for a perfect low; we recommend adding high-quality cyclical stocks in the next few weeks. This kind of individual stock valuation has clearly been digested, and the earnings per share performance is impressive.” Wilson's team believes that the risks associated with data center construction after the midterm elections are limited.

Morgan Stanley's Michael Wilson said that the correction in the S&P 500 index is likely to be coming to an end, and the stock market may be preparing for a year-end rebound. He said that the US benchmark index is approaching his downward target range of 7100 to 7,300 points, and the index is expected to rise steadily in this range. Note: The index fell 2.7% last week to close at 7376.86 points, down 5.7% from the all-time high set on October 6. Wilson wrote, “There is no need to wait for a perfect low; we recommend adding high-quality cyclical stocks in the next few weeks. This kind of individual stock valuation has clearly been digested, and the earnings per share performance is impressive.” Wilson's team believes that the risks associated with data center construction after the midterm elections are limited.