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- Morgan Stanley‘s equity strategists have said the strongest stock market returns of this cycle are behind us.
- They believe investors will turn more defensive toward the end of this year, and they see the energy sector as a beneficiary of that rotation.
Morgan Stanley’s equity strategists think the bull market in stocks is riding into the sunset.
They still expect stocks to rise before this cycle is over, but they say performance will be led by fewer stocks and accompanied by higher risk.See the rest of the story at Business Insider
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See Also:
- The stock market’s recovery is one of the slowest on record — here’s why that could be foreshadowing the next crash
- Morgan Stanley says there’s one piece of the market you need to own as stocks run out of steam
- GOLDMAN SACHS: This is the perfect environment for bank stocks — here are 7 reasons why they’re set to spring higher
SEE ALSO: Wall Street is getting nervous about a red-hot part of the market
