Morgan Stanley: US stock selloff may be nearing its end

Morgan Stanley strategist Michael Wilson says investors should prepare to buy the dip as the three-month equity correction approaches its final stages. Quality stocks up 6% since mid-August, equal-weight S&P 500 nearly -4%, cyclical stocks nearly -10%. Historically, quality stocks have outperformed by 7.5% over the following year under similar conditions. Wilson expects the correction to create buying opportunities rather than signal end of cycle.