SKN | Morgan Stanley Sees End to U.S. Stock Market Correction in Sight, Maintaining Year-End S&P 500 Target of 8,000 Despite Near-Term Dip to 7,100.
Market Reviews The ongoing correction across U.S. equity markets may be approaching its conclusion, according to a recent assessment by Morgan Stanley’s investment strategy team cited by Yahoo Finance. Chief equity strategist Michael Wilson noted that since June, the stock market has been recalibrating to a new phase of the economic cycle, pressured by Federal Reserve balance sheet deceleration, constrained liquidity, and escalating political uncertainty leading into the U.S. midterm elections. Despite recent volatility, Morgan Stanley left its baseline year-end projection for the S&P 500 unchanged at 8,000 points. However, Wilson cautioned that near-term downside risks remain elevated, indicating that the index—which closed Friday at 7,580 points—could temporarily retreat toward 7,100–7,200 points (just below its 200-day moving volatility average) before establishing firm […]
