Morgan Stanley: As Moody's downgrades the US rating, investors can buy US stocks on dips

Planet Daily News: Morgan Stanley strategist Michael Wilson suggests that investors should buy during the recent U.S. stock market decline triggered by the credit rating downgrade last Friday, as recent trade truces with some countries have reduced the likelihood of an economic recession. The strategist believes that the stock market is more likely to fall after Moody's downgrade of the U.S. rating, which pushed the 10-year Treasury yield above the key 4.5% level. However, Wilson wrote in a report: "We will be buyers of this dip." Wilson noted an encouraging sign that the corporate earnings season appears to have ended without significant tariff-related uncertainties. He stated that even if trade data shows slight weakness in the coming months, recent corporate earnings upgrades suggest further stock market gains. (Jinshi)