Morgan Stanley: US stock market pullback nearing its end, possibly building momentum for a year-end rally

BlockBeats news, November 9th, Morgan Stanley's Michael Wilson stated that the correction in the S&P 500 index may be nearing its end, and US stocks might be gathering momentum for a year-end rally.

Wilson indicated that the US benchmark stock index is approaching its downside target range of 7,100-7,300 points and is expected to rebound from this range. Wilson wrote: "Rather than waiting for a perfect bottom, we recommend increasing exposure to high-quality cyclical stocks in the coming weeks, as these stocks have seen significant valuation downgrades while demonstrating strong earnings per share performance."