Morgan Stanley strategist Wilson says the S&P 500 correction is nearing its final stage

Morgan Stanley's strategist suggests that the S&P 500's correction may be nearing its conclusion, with signals indicating this downturn is closer to its end rather than its start.

Newsquawk StaffPublished 30 Mar 2026, 07:29 UTCOn the live feed at 07:09 UTC — 8 more headlines followed before this page went public

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07:12

Honda Motor (7267 JT) reports February vehicle production -5% Y/Y

07:10

European Movers: Boohoo (DEBS LN) +8.7%, Rio Tinto (RIO LN) +3.7%, UMG (UMG NA) +3.0%, Nokia (NOKIA FH) +2.5%, Glencore (GLEN LN) +0.5%, Inwit (INW IM) -2.5%

07:09

Morgan Stanley strategist Wilson says the S&P 500 correction is nearing its final stage

07:07

Two China-linked ships, owned by Cosco Shipping (601919 CN), appear to attempt to cross the Strait of Hormuz

07:05

Iranian Parliament's National Security member Borujerdi‌ says the time has come for Iran to withdraw from the Nuclear Non-Proliferation Treaty and the permanent monitoring of the Strait of Hormuz, IRNA reports

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Correction driven by Middle East war-related risk repricing
Forward P/E has compressed ~17%, in line with past non-recession growth scares
The market has largely priced in the rise in oil prices
Breadth is weak: >50% of Russell 3000 constituents down >20%
Signals suggest the correction is closer to the end than the beginning
The market is less complacent on growth risks than the investor consensus implies
Key risk: rising yields — US 10yr nearing ~4.5%, a level that historically pressures equity valuations

Context

The commentary highlights concerns around rising oil prices and soft market breadth but notes that much of the risk is already factored in. Key risk remains the potential impact of rising yields on equity valuations, particularly with the US 10-year approaching critical levels.

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