“Stocks may fall 15% by year-end, warns Morgan Stanley. Here are some portfolio moves investors might consider.”
September 8, 2021
“…“The issue is that the markets are priced for perfection and vulnerable, especially since there hasn’t been a correction greater than 10% since the March 2020 low,” said Lisa Shalett, chief investment officer of Morgan Stanley Wealth Management, in a note Tuesday. The bank’s global investment committee expects a stock-market pullback of 10% to 15% before the end of the year, she wrote…
She suggested rebalancing investment portfolios toward “high-quality cyclicals,” particularly stocks in the financial sector, while seeking “consistent dividend-payers in consumer services, consumer staples and health care.”…”