Morgan Stanley: Next 2018 correction will be worse than February's

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Tom Eckett
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Morgan Stanley: Next 2018 correction will be worse than February's
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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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