Morgan Stanley's Chief Equity Strategist: Investors need to prepare for market adjustments, US stocks may pull back by 10% in Q3

Morgan Stanley's Chief Equity Strategist Michael Wilson stated that investors should prepare for a stock market correction. Uncertainties surrounding U.S. politics, corporate earnings, and Federal Reserve policies are beginning to put pressure on the market, potentially leading to a 10% market pullback. Wilson advises investors to focus on leading growth stocks and predicts that the S&P 500 index will reach 5400 points by mid-next year. However, Wilson also points out that the lower participation in this year's S&P 500 index rally does not necessarily mean that stocks will collapse, as other parts of the market may follow the lead of large-cap stocks or drag down the index