Morgan Stanley: The correction in US stocks is nearing its end, possibly building momentum for a year-end rebound

BlockBeats news, November 9: Michael Wilson from Morgan Stanley said the correction in the S&P 500 index may be nearing its end, and the U.S. stock market could be building momentum for a year-end rebound. Wilson stated that this major U.S. benchmark index is approaching its downward target range of 7,100 to 7,300 points, and expects a rebound from this level. Wilson wrote: "Rather than waiting for a perfect bottom, we recommend increasing exposure to high-quality cyclical stocks over the coming weeks, as these stocks have seen significant valuation reductions while demonstrating strong earnings per share performance."