MORGAN STANLEY SEES POST-ELECTION MARKET REBOUND Morgan Stanley's Michael Wilson expects the current equity correction to end as several major risks clear, including the U.S. midterm elections. S&P 500 targets: 🔸 Near-term downside: 7,100–7,200 🔸 Year-end base case: 8,000 Wilson identifies three catalysts: AI financing concerns, midterm elections and tightening financial conditions. The key takeaway: Liquidity remains the biggest near-term risk, but a potential Fed pivot could trigger a market rebound. Morgan Stanley notes that midterm elections have historically been followed by strong 6–12-month equity returns. Related tickers: SPY , QQQ , IWM , TLT Source: Morgan Stanley — Michael Wilson(彭博社)