Brokerage firm Morgan Stanley issued a warning about the stock market.
According to Morgan Stanley, the stock market should expect a very bumpy September through October.
Morgan Stanley cut its rating on stocks expecting the federal reserve to pull back it’s easy money policy.
The next two months, according to Morgan Stanley, are expected to have very large amount of risk relative to growth, policy and the legislative agenda.
So far the stock market has risen about 20% this year and it hasn’t had a pullback of even 5%. This is incredibly risky for the stock market and the future pricing of equities.
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