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Story summary
- Morgan Stanley strategist Michael Wilson says US stock markets are near the end of a selloff.
- He is bullish for 2026 and sees weakness as a chance to add long positions in consumer discretionary, healthcare, financials, industrials, and small caps.
- Wilson projects the S&P 500 at 7,800, an 18% rise from current levels.
- He attributes the weakness to high technology valuations and expects rate cuts to support the market.
