Morgan Stanley's Chief US Equity Strategist Mike Wilson stated that the US stock market correction is entering its final stage, which could lay the groundwork for a year-end rally. Wilson expects the S&P 500 to drop to a downside range of 7,100 to 7,300 before hitting rock bottom, while maintaining his year-end target of 8,000. However, the bank advises investors to remain on the sidelines before buying the dip, as market breadth continues to weaken and concerns over AI infrastructure funding persist.