Morgan Stanley: S&P 500 correction is nearing its end, duration of volatility depends on oil prices and the US dollar
BlockBeats News, March 9, Morgan Stanley Chief Investment Officer Michael Wilson stated that the rolling pullback of the S&P 500 is likely closer to ending rather than beginning. He holds a constructive outlook for the next 6-12 months, expecting improvements in earnings growth and market breadth.
Wilson pointed out that the trends of oil prices and the US dollar will determine the duration of volatility. If oil prices remain above $100 or if the Federal Reserve delays rate cuts, risks will persist. Short-term weakness may create buying opportunities, especially in financials, industrials, consumer discretionary, and small-cap stocks.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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