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S&P Plummets, Morgan Stanley Calls Reset, Holds 8,000 Target

6/8/2026

42 9 Full Breakdown

Summary

Story summary

S&P 500 posted its biggest 2026 decline on Friday, sending Nasdaq to its worst week since Liberation Day tariff rout.
Morgan Stanley CIO Michael Wilson called the pull-back a “healthy reset,” kept an 8,000 S&P 500 target and said semiconductor stocks represent 25% of holdings.
He warned of risks, noting the 10-year Treasury yield at 4.51% and the Federal Reserve (Fed)’s June 17 decision, while CME FedWatch expects a rate hike before year-end.

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Story summary

S&P 500 posted its biggest 2026 decline on Friday, sending Nasdaq to its worst week since Liberation Day tariff rout.
Morgan Stanley CIO Michael Wilson called the pull-back a “healthy reset,” kept an 8,000 S&P 500 target and said semiconductor stocks represent 25% of holdings.
He warned of risks, noting the 10-year Treasury yield at 4.51% and the Federal Reserve (Fed)’s June 17 decision, while CME FedWatch expects a rate hike before year-end.