OIL SPIKE IS THE BIGGEST THREAT TO US STOCKS Morgan Stanley’s Michael Wilson warns that another surge in oil prices is the biggest risk facing US equities. Higher crude could fuel inflation, push bond yields higher and eventually force the Federal Reserve to respond — potentially triggering more market volatility. Wilson recommends energy stocks as a hedge, with ExxonMobil and Chevron already up more than 30% this year. He also favors high-quality US companies with strong margins and stable earnings.(*Walter Bloomberg)