Equity markets are going through a lean patch as investors shun risky bets amid the prospect of Fed tightening. An analyst at Morgan Stanley cautions that the downturn may have further legs and recommends investing in defensives.
Attention Turning to Slowing Growth: With the Fed's pivot now well understood, investor attention now turns to growth, which is slowing and more than expected, Morgan Stanley equity strategist Michael Wilson said in a note.
