Morgan Stanley's Chief Investment Officer, Mike Wilson, expressed strong optimism for the U.S. stock market, citing the Federal Reserve's renewed asset purchases as a key factor in eliminating liquidity risks. Speaking on CNBC's "Squawk Box," Wilson highlighted the clarity in the market's future trajectory, driven by stable Fed policies and supportive legislative actions. He emphasized that these developments are set to revitalize the consumer sector. Despite the positive long-term outlook, Wilson cautioned that market corrections are likely, especially in an election year. He advised investors to brace for potential pullbacks of at least 10%, viewing them as opportunities to buy rather than exit the market.