Morgan Stanley’s Mike Wilson sees a risk that the S&P 500 could retreat toward 7,100 in the coming weeks, about 8% below recent levels, according to a client-note summary published by BlockBeats on October 28.
Cautious near-term outlook
The US equity strategist cited pressure from AI financing, the November 3 midterm elections and tighter financial conditions as potential catalysts for a pullback.
Morgan Stanley nevertheless maintained a year-end S&P 500 target of 8,000 and a 12-month base-case target of 8,300. These levels are the bank’s forecasts, with its near-term caution paired with a more positive longer-term view.
Sources: BlockBeats English report and the original Chinese flash. The flash was published 2026-10-28 at 13:36:17 UTC.