[Morgan Stanley strategist believes that the correction of U.S. stocks is nearing its end and may be preparing for a rebound at the end of the year] On November 9, Michael Wilson of Morgan Stanley said that the adjustment of the S&P 500 Index may be nearing its end, and U.S. stocks may be preparing for a rebound at the end of the year. Wilson said the U.S. benchmark index was approaching its downside target range of 7,100-7,300 points, from which it was expected to rebound. The index fell 2.7% last week to 7,376.86 points, and has fallen 5.7% since its record high on October 6. "Rather than waiting for a perfect bottom, we recommend increasing exposure in the coming weeks to high-quality cyclical stocks that have seen significant valuation reductions while demonstrating strong EPS performance," Wilson wrote. Wilson's team believes there are limited risks in data center deployment after the midterm elections.