A trader works on the floor at the New York Stock Exchange in Manhattan, New York City, U.S., August 20, 2021.Morgan Stanley slashed its rating on U.S. equities, anticipating a rocky road into October as the Federal Reserve prepares to dial back easy monetary policy.
Pro In other words “ we see value in these securities so we need to manipulate them to a position where we can buy them off of retail after we have scared them into selling “
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Pro The market is up for seven consecutive months. Something has to give.
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