Morgan Stanley issues sharp take on the stock market

Morgan Stanley thinks that Mr. Market just made a mistake. Strategist Katie Huberty, speaking with Bloomberg, laid out the case that the recent stock market sell-off hasn’t been selective. In fact, she argues that it has been "indiscriminate," where investors continue dumping stocks linked with the AI trade without separating the wheat from the chaff. Huberty’s broader point is that we’re still in the early innings of what could become a whopping $10 trillion capital-spending cycle, driven by major prod ...