S&P 500 to bottom in the first quarter, creating a ‘terrific buying opportunity,’ says Morgan Stanley’s Wilson 

The S&P 500 will set a new price trough of 3,000 to 3,300 in the first quarter of next year before jumping back to the 3,900-level by the end of 2023, according to Morgan Stanley’s Michael Wilson, chief equity strategist.

Wilson has been one of the Wall Street’s most vocal bears, and correctly predicted this year’s stock-market selloff. But he sees a “terrific buying opportunity” ahead, with his call that stocks will make a new low in the first quarter. 

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