Morgan Stanley: The Last Stocks Standing May Be The Next To Fall
The last one standing
The average stock has already suffered a meaningful correction, financial conditions are the tightest since 2022, and quality is breaking out. Yet the broader S&P 500 continues to hold up remarkably well. Morgan Stanley's Michael Wilson sees an increasingly interesting setup: the correction may not end until the last remaining winners finally catch down. Paradoxically, that could be the signal to start adding risk.