According to CoinMeta, Morgan Stanley analyst Mike Wilson believes that the correction in U.S. stocks that began in June is entering its final stage, but the S&P 500 index may still need to fall back to the 7,100 to 7,200 range before a more sustained upward trend can begin. He pointed out that the market will need to overcome three major hurdles: digesting the financing supply in the field of artificial intelligence, eliminating political and geopolitical uncertainties related to the mid-term elections in the United States, and waiting for any potential turning point in the liquidity environment. Morgan Stanley still maintains an optimistic target of the S&P 500 index reaching 8,000 points by the end of the year, but Wilson hopes to see a further shift in market sentiment towards panic selling and clearer signs of stabilization in the semiconductor sector before considering taking on more risks more actively.