Morgan Stanley's Dan Skelly Suggests Stock Market May Have Bottomed

Morgan Stanley managing director Dan Skelly has indicated that the stock market might have reached its lowest point following a 9% correction. According to NS3.AI, Skelly believes the S&P 500 is likely to have bottomed near 6,300. He also noted that the decline in the VIX, from approximately 30 to 19.48, supports this perspective.