Morgan Stanley's Chief Investment Officer, Mike Wilson, has predicted a 10% correction in the stock market, which he believes is 'highly likely' to occur before the upcoming US presidential election. Wilson cited several factors contributing to this forecast, including uncertainty surrounding the US presidential campaign, corporate earnings, Federal Reserve policy, and the rate outlook. He made these remarks during an interview with Bloomberg TV, emphasizing that the potential pullback may present opportunities, although current valuations are considered 'unexciting.' Traders are advised to brace for this correction as these risks continue to mount.