Wilson of Morgan Stanley says the correction of the S&P 500 index is close to the end.

Sina Finance reported on March 30th that strategists at Morgan Stanley stated that the S&P 500 index's correction triggered by the Middle East war is nearing its end. In a report, the strategists wrote that the expected P/E ratio of the S&P 500 index has dropped by 17%, indicating that the market has already digested the expectation of rising oil prices. Among the components of the Russell 3000 index, over half of the stocks have fallen by more than 20%. The team led by Mike Wilson stated, "We still believe that there are signs indicating that the correction is closer to its end rather than its beginning."