Morgan Stanley flags 4 reasons the economy is about to boom — and 3 areas of the market for investors to cash in

Michael M. Santiago/Getty Images Morgan Stanley says we're early on in an economic cycle with earnings set to grow. Falling wage growth, rising consumer demand, and Fed rate cuts also support market upside. The bank is bullish on consumer discretionary, small-cap, and financials stocks. There are some ominous signals out there that suggest we're in the late stages of the economic cycle, but Morgan Stanley says investors should tune out the noise and brace for more growth ahead. ADP private payrol ...