$INTWB A golden opportunity to buy the dip in U.S. stocks—I've bought the dip on Intel, brothers!
Morgan Stanley chief strategist says to buy the S&P 500 on dips ahead of the U.S. midterm elections, with a target of 8,000 points. According to Bloomberg, Mike Wilson, Morgan Stanley's chief U.S. equity strategist, said the S&P 500 could pull back to 7,100 amid near-term risks, including the midterm elections, concerns about AI spending, and tight liquidity—but that would create a buying opportunity. Wilson expects the index to rise to 8,000 once those risks subside. Citing historical data, he noted that U.S. stocks have risen in the six and 12 months following every midterm election since 1950. He recommends buying the dip regardless of the election outcome.