Wilson from Morgan Stanley: Iran agreement may alleviate the bond market's bet on Fed rate hikes.

Morgan Stanley strategists said that a stable solution to the situation in the Middle East could potentially lead to the bond market reducing bets on a Fed rate hike, and increase the likelihood of the current bull market continuing. Mike Wilson's team pointed out in their report that they expect increased market volatility in the coming weeks, but reiterated their confidence in the continued rise of US stocks. The report stated that the recent decline was led by semiconductor stocks.