Morgan Stanley's Chief Investment Officer, Michael Wilson, has advised investors to buy any dips in U.S. stocks following a recent selloff triggered by Moody's downgrade of the U.S. credit rating. Wilson argues that the selloff is more driven by interest rate fears than by fundamental issues, and he believes the market will view the weakness as temporary. He also noted that Moody's was the last major agency to downgrade U.S. debt since 2011. The recommendation comes amidst a backdrop where a trade truce with China has reduced the risk of a recession, according to Wilson. He suggests that the market is likely to 'look through such weakness and deem it temporary,' given improving earnings and profit outlooks. Wilson also mentioned that should U.S. Treasury yields rise above 4.5%, Morgan Stanley anticipates a modest 5% valuation pullback, which they would view as another buying opportunity. The firm favors cyclical sectors like Industrials, while remaining cautious on Consumer Discretionary and Staples. Morgan Stanley, managing assets worth $1.3 trillion, positions itself as a significant voice in the investment community with this advice. Some market observers also noted that Tesla ($TSLA) might be affected by these market conditions.