Stating that the US reference index is approaching the target range of 7,100-7,300 points, Wilson expected a recovery from this level and suggested adding positions to quality cyclical stocks.
AI-generated summary
The index decreased by 2.7 percent last week to 7,376.86.
Wilson stated that the US reference index is approaching the downward target range of 7,100-7,300 points he determined and that it is expected to recover from this level.
The index decreased by 2.7 percent last week to 7,376.86 and lost 5.7 percent of its value compared to its record level on October 6.
“Instead of waiting for a perfect bottom, we recommend adding positions in quality cyclical stocks that have fallen significantly in value and are showing strong earnings per share over the next few weeks,” Wilson wrote in a note.
Wilson's team believes the risk of building data centers after the midterm elections is limited.
AI outlook — possibilities, not facts
The index is expected to recover from the specified target range.
Likely · Within weeks

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