Morgan Stanley’s Michael Wilson says the equity market’s bearish adjustment that started in June is entering its final stages, with three key clearing eventsâAI (AIQ) (AIEQ) capital concerns, midterm election uncertainty and Federal Reserve liquidity dynamicsâpoised to trigger…
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Please disable your ad-blocker and refresh. Entering text into the input field will update the search result below Quick Insights AI capital concerns, resolution of midterm election uncertainty, and changes in Federal Reserve liquidity policy are cited as the three key events expected to signal a market bottom. Early-cycle stocks like semiconductors, financials, consumer cyclicals, and autos have underperformed, while quality stocks have outperformed and are now breaking out.
Wilson expects attractive buying opportunities to emerge as major clearing events resolve, with historically strong returns in the months following midterm elections