The major bank earnings reports are all in and Morgan Stanley was the biggest loser

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Sharp market declines in December showed that, while they've made progress diversifying their businesses, big banks like Morgan Stanley are still exposed to the whims of the market.

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Morgan Stanley is set to report fourth-quarter earnings – here's what Wall Street expectsMorgan Stanley is set to report fourth-quarter earnings before the opening bell on Thursday.
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Investors should 'embrace' a recession and watch for retest of market lows, Morgan Stanley saysMorgan Stanley equity strategists believe the stock market priced in an earnings recession when it plunged to December's low, and it is very likely to retest that level. Im still waiting for the StockMarket to crash, that's what you claimed if Trump was elected president. I'll embrace it, as long as the FED continues to raise rates, so my cash can make more through it. The probability of an analyst getting something right that he called a year ago and then assume he has it right in a 2600 resistance level stand-off is arrogant.
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These 3 software companies are good bets during a slowdown, says Morgan StanleyMorgan Stanley highlights three software stocks that can outperform even during a 'slowing macro environment,' thanks in part to a focus on recurring revenue streams. and Fortinet fortinet
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