Morgan Stanley's Michael Wilson says the S&P 500's correction may be nearing its end and the index could be set for a year-end rebound, approaching his 7,100-7,300 downside target range. He recommends adding exposure to quality cyclical stocks over the coming weeks.
Morgan Stanley's Wilson says US stock sell-off may be near its end
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The story so far: Morgan Stanley S&P 500 outlook
Morgan Stanley's Mike Wilson kept his year-end S&P 500 target of 8,000 with tactical downside of 7,100-7,200, warning the correction may deepen. Wilson now says the correction may be nearing its end and recommends adding quality cyclical stocks. Goldman Sachs strategist Codacci-Pisanelli also sees scope for a year-end…
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Morgan Stanley's Wilson says US stock sell-off may be near its end
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