The S&P 500 is masking a hidden market pullback. Why Morgan Stanley says an index retreat would signal a buying opportunity.
Summary
While the S&P 500 remains strong, underlying weakness suggests a broader market pullback may be underway. According to Morgan Stanley, any subsequent drop in the major index could ultimately present investors with a favorable entry point to buy stocks.
Since mid-summer portfolio managers have been emphasizing free cash flow, profitability, high margins, strong balance sheets and stable earnings when stockpicking.
Source: Read the full story at MarketWatch.com - Top Stories
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