The momentum market is expected to rebound! Morgan Stanley's Wilson: Quality stocks will take over the lead from chips, with the S&P 500 aiming for 8,000 points by the end of the year.

According to the Zhito Finance APP, Morgan Stanley strategist Michael Wilson stated that as sectors with strong earnings replace chip stocks as the main drivers of the market's rise, momentum stocks are expected to bounce back from a sharp pullback. He believes the S&P 500 index is likely to reach 8,000 points by the end of the year, a 7% increase from the latest closing price.