Morgan Stanley: S&P 500 pullback nearing its end

BlockBeats news, November 9: Morgan Stanley's Chief U.S. Equity Strategist Mike Wilson believes the market correction is entering its final phase, potentially laying the groundwork for a year-end rally. Wilson expects the S&P 500 to first approach its downside range of 7,100–7,300 points before bottoming, while maintaining his year-end target of 8,000 points. However, the firm advises investors to wait before buying on dips, as market breadth continues to weaken and concerns surrounding AI infrastructure financing persist.