BlockBeats News, March 9th: Morgan Stanley’s Chief Investment Officer Michael Wilson stated that the rolling pullback of the S&P 500 may be closer to the end than the beginning. He holds a constructive view for the next 6-12 months, expecting earnings growth and market breadth to improve.
Wilson pointed out that the price of oil and the trend of the U.S. dollar will determine the duration of volatility. If the oil price stays above $100 or the Fed delays rate cuts, risks will remain. Any short-term weakness could present a buying opportunity, especially in financials, industrials, non-essential consumer goods, and small-cap stocks.
