Odaily Planet Daily News Morgan Stanley strategist Mike Wilson said that as uncertainty around the US presidential election, corporate earnings and Federal Reserve policy increases, traders should prepare for a correction in the US stock market. "I think there is a high probability of a 10% correction at some point between now and the US election," Wilson said in an interview on Monday. "The third quarter will be turbulent," and companies are losing pricing power and need to cut interest rates. Goldman Sachs' Scott Rubner said on Monday that he expects the stock market to experience a painful two weeks from August if corporate earnings fall short of expectations. Andrew Tyler of JPMorgan Chase's trading department said he remains bullish, but recent weak economic data has made his confidence "slightly reduced." Citigroup's Scott Chronert warned of a potential correction. Morgan Stanley's Wilson said, "The probability of stock prices rising from now to the end of the year is very low, much lower than normal." However, Wilson is not particularly worried about a correction. Instead, he said it could create opportunities for investors because valuations are currently "lackluster" after the S&P 500's double-digit gains this year. He said the best way to invest in the stock market right now is through individual stocks, not indexes. (Global Times)