Stocks Have Likely Bottomed, Says Morgan Stanley's Wilson

Morgan Stanley Chief Equity Strategist Mike Wilson says unless the US trade war with China re-escalates in a negative fashion, trade issues won't be enough to take the momentum out of stocks. In a note, Wilson reiterated his 12-month price target of 6,500 points, implying gains of about 8% from current levels. He is on "Bloomberg Surveillance."