[Morgan Stanley Executive Reviews U.S. Stock Market Bull Run and Fed Rate Cut Impact] According to a report on September 24, 2023, Andrew Slimmon, an executive at Morgan Stanley Investment Management, stated that the U.S. stock market bull run might pause for the remainder of the year but is unlikely to undergo a significant correction. He recommended focusing on the technology, financial, and industrial sectors. Although these cyclical stocks appear slightly overbought, they may still deliver strong performance. Slimmon mentioned that the Federal Reserve's rate cut on September 17 was a 'non-recessionary rate cut' and noted that historically, U.S. stocks tend to rise in similar situations.