Morgan Stanley strategist Wilson still expects the S & P 500 to fall 11% this year.

[Morgan Stanley strategist Wilson still expects the S & P 500 to fall 11% this year] even if the Fed is expected to suspend interest rate hikes, and even if artificial intelligence fever pushes the S & P 500 into a technical bull market, Morgan Stanley strategist Mike Wilson still believes that the US stock market will feel more pain in the future. In an interview on Wednesday, Wilson reiterated that his target for the S & P 500 remains at 3900 by the end of the year. The target means the index has nearly 11 per cent room to fall from Tuesday's close of 4369.01.