Morgan Stanley’s CIO predicts a new bull market with S&P 500 hitting 6,500 by year-end. However, tariff risks could cause a 10% stock market drop. Investors advised to use corrections as buying opportunities. Earnings revision breadth has improved to 3% from -25% in April, impacting financials sector positively.

Tariff volatility expected to rise in Q3, sparking 5-10% pullbacks. Despite potential inflation and profit hits, stock market fundamentals remain strong. Wilson sees corrections as short and shallow, presenting buy-the-dip opportunities. Markets have shown resilience, with April chaos marking a bottom and leading to strong upward trajectory.

Read more at Yahoo Finance: Morgan Stanley’s CIO says any potential tariff-fueled drop in stocks is a buying opportunity