<div id="readability-page-1">Morgan Stanley’s chief investment officer (CIO) and chief US equity strategist, Mike Wilson, is warning of one factor that could have a bearish impact on stocks.In a new CNBC interview, Wilson says his biggest worry for the stock market currently is increased volatility in bond prices.Wilson says a rise in bond volatility worries him because it reduces market liquidity.The yield on the 10-year Treasury bond is currently at 4.39%.According to Wilson, the current rally in stocks, which saw the S&amp;P 500 index hit an all-time high in April despite geopolitical turmoil, is driven by a strong growth in corporate earnings.</div>

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Morgan Stanley CIO Mike Wilson warns that increased volatility in bond prices poses a significant risk to stocks, impacting market liquidity. He highlights that the current stock rally, which saw the S&P 500 reach an all-time high in April, is fueled by strong corporate earnings growth, despite ongoing geopolitical tensions. The yield on the 10-year Treasury bond is currently at 4.39%.

- Mike Wilson, Morgan Stanley’s chief investment officer, warns that increased volatility in bond prices could negatively impact the stock market.  
- He highlights that rising bond volatility reduces market liquidity, contributing to his concerns.  
- Despite these worries, Wilson notes that the S&P 500 index recently reached an all-time high, fueled by strong corporate earnings growth.

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Morgan Stanley CIO Mike Wilson Says One Factor Could Pose Massive Risk to Stocks – And It’s Not the Iran Conflict