Morgan Stanley CIO Mike Wilson Says US Stocks May Be Nearing End of Correction

Morgan Stanley CIO and Chief U.S. Equity Strategist Mike Wilson says U.S. equities could be approaching the late stages of the current correction as investors process months of economic and geopolitical worries. He notes that 50% of Russell 3000 stocks are down 20% from their 52-week highs, and says a final downdraft could be triggered by a more hawkish Fed tone or volatility around triple-witching options expiration.