The stock market still has 13% near-term upside as technical forces spur a rally, says Morgan Stanley stock chief amid client skepticism

The stock market could stage a 13% rally in the near term as investor doubt rises, according to Morgan Stanley’s Mike Wilson. He highlighted that the 200-week moving average is proving to be a pivotal level for the S&P 500. “Friday’s price action is indicative of just how off sides both stock and bond markets…