Morgan Stanley: The biggest sell-off since February is coming

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Morgan Stanley: The biggest sell-off since February is coming and it's going to hit the average investor hard Morgan Stanley predicts the market will drop further with technology and consumer stocks faring the worst. “The weaker earnings beat from several Tech leaders and outright misses from Netflix and Facebook were simply additional support for our [defensive] call,” chief U.S. equity strategist Michael Wilson says. The "average portfolio" will suffer more because the selling will be concentrated in tech, consumer and small cap shares, the firm says.

Morgan Stanley CIO: Watch for a 10 Percent Correction from CNBC.

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