According to CoinWorld, Morgan Stanley analyst Mike Wilson said the U.S. stock market correction that began in June is entering its final stage, but the S&P 500 may still need to fall back to the 7,100–7,200 range before a more sustained rally can begin. Wilson believes the market must clear three hurdles: digesting the supply of financing in the AI sector, resolving political and geopolitical uncertainty surrounding the U.S. midterm elections, and waiting to see whether liquidity conditions may be turning. Morgan Stanley continues to maintain its bullish year-end target of 8,000 for the S&P 500, but Wilson would like to see market sentiment shift further toward panic selling and clearer signs of stabilization in the semiconductor sector before considering taking on risk more aggressively.