Morgan Stanley's Mike Wilson on Potential End of U.S. Equity Correction

Morgan Stanley Chief Investment Officer Mike Wilson has indicated that U.S. equities might be approaching the conclusion of the current market correction. According to NS3.AI, Wilson noted that 50% of the stocks in the Russell 3000 index have declined by 20% from their 52-week highs. He cautioned that a final downturn could still occur if the Federal Reserve adopts a more hawkish stance or if volatility increases around the triple-witching options expiration.