This Morgan Stanley investor warns of three big disconnects with stocks on the verge of a bull market - MarketWatch
1. S&P 500 is nearing bull market status, up 19.68% from April low. 2. Complacency concerns grow as earnings estimates remain negative. 3. Higher Treasury yields may signal lower equity multiples. 4. Weak dollar could deter foreign investment in U.S. stocks. 5. Gold outpacing equities signals potential instability in markets.