Wilson warns choppy bonds could drag S&P 500 down 5%-10%

A 5% to 10% drop in the S&P 500 — the broad U.S. stock index — could follow choppy bond trading, Morgan Stanley's Mike Wilson says, MarketWatch reported Sept. 29, 2026. The bank's chief U.S. equity strategist called such a dip potentially healthy. He stays positive on stocks overall. He spoke on Bloomberg Television.