Gate News Report, March 9 — Morgan Stanley Chief Investment Officer Michael Wilson stated that the rolling correction in the S&P 500 (the benchmark index for the U.S. stock market) may be closer to ending rather than beginning. He has a constructive outlook for the next 6-12 months, expecting earnings growth and market breadth to improve. Wilson pointed out that oil prices and the dollar’s movement will determine how long the volatility lasts. If oil prices stay above $100 or the Federal Reserve delays interest rate cuts, risks will remain. He believes that short-term weakness may create buying opportunities, especially in financials, industrials, non-essential consumer goods, and small-cap stocks.
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