Morgan Stanley strategist sees S&P 500 falling 7% in downside scenario
AI Summary- Michael Wilson’s team warned that the S&P 500 could fall amid higher energy prices and bond volatility.
- The S&P 500 could drop 7% to 7,100 points, the team said.
- Wilson expects volatility before November’s midterm elections and a year-end recovery toward 8,000 points.