Morgan Stanley Strategist Mike Wilson Warns of Potential S&P 500 Correction

Morgan Stanley chief US equity strategist Mike Wilson warned that rising oil prices could trigger a stock market correction within the next 30 days. Wilson noted that if oil reaches $120 to $140 per barrel, it would drain market liquidity, compounded by heavy corporate fundraising. Despite this short-term risk, he remains bullish on stocks and advises investors to rotate into high-quality names rather than reducing equity exposure, maintaining that the S&P 500 remains the world's highest-quality equity market.