FYI:
.Morgan Stanley's chief U.S. equity strategist, Michael Wilson, downgrades technology stocks to underweight in anticipation of a defensive turn in the market.
.Wilson downgrades small-cap stocks to equal weight, and upgrades defensive sectors consumer staples and telecom services to equal weight.
.Wilson maintains his 12-month S&P 500 target of 2,750, but expects the index could rise to 2,800 to 2,825 in the near term, or up at least 1.5 percent from Friday's close.
Regards,
Ted
https://www.cnbc.com/2018/07/09/morgan-stanley-turns-more-defensive-on-stocks-downgrades-technology.html
