MORGAN STANLEY: The stock market is taking a major turn for the worse, and it's bad news for tech stocks
Business Insider -

Since June, investors have shifted towards more defensive sectors like utilities, Morgan Stanley's equity strategists observed.

They've been writing to clients this year about a drawn-out bear market in equity valuations and how to prepare. 

On Monday, they said it's time to get more defensive and downgraded the tech sector to underweight, with a list of reasons why the sector may not be as rewarding to investors in the near term. 

The stock market is at a turning point, according to Morgan...


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