MORGAN STANLEY: There are 2 major reasons why the stock market has already seen its 2018 peak
- Based on stock index trading and sentiment shifts over the past few months, Morgan Stanley concludes the equity market has probably already peaked for 2018.
- The 10% correction that rocked major US indexes in early February will make it difficult for stocks to re-test 2018 highs, especially with volatility picking up.
Pack it in, folks. The stock market may have already topped for the year.
So says Morgan Stanley, which is troubled by a series of factors signaling the end of a so-called “melt up” period that’s seen investors flood into US stocks with little regard for