MORGAN STANLEY: The stock market has reached a 'tipping point' — and the market's most beloved companies could be hit hardest
Business Insider -

Morgan Stanley says surging bond yields could spark a shift in US allocations towards value stocks from their high-flying growth counterparts.

It favors energy, utilities, and financials over tech and consumer discretionary stocks.

Morgan Stanley also thinks a bear-market correction could arrive in 2019, sooner than markets expect.

The Morgan Stanley equities team now thinks a "tipping point" has been reached in the investment cycle for US stocks.

And as a result, it says the relative advantage...

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