Morgan Stanley: Next 2018 correction will be worse than February's
Tech stocks leading the way
Morgan Stanley: Next 2018 correction will be worse than February's
Morgan Stanley has warned risks to the US stockmarket rally are once again starting to build after a number of companies such as Facebook and Netflix delivered poor earnings.
Analysts at the bank said this coupled with pro-cyclical companies falling behind, who are expected to surge at this point in the cycle, was a worrying sign the stockmarket was entering into another correction...
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