Morgan Stanley's Wilson Sees S&P 500 Nearing 7,100 to 7,300

Morgan Stanley strategist Michael Wilson said the S&P 500 is nearing a 7,100-to-7,300 downside range that he expects to precede a rebound, while urging investors to add cyclical exposure. Wilson recommended increasing exposure to high-quality cyclical stocks over the coming weeks. He pointed to lower valuations and strong earnings per share among those stocks as the basis for that view. TokenPost previously covered Wilson's view that a correction in parts of the market was nearing its final stage in an earlier outlook . Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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