Why the rally in stocks may see just a ‘pause’ into year-end despite a ‘stretched’ market
1. Morgan Stanley expects a pause in U.S. stock bull market this year. 2. Federal Reserve's rate cuts without a recession likely support market growth. 3. Information technology sector has surged 20.5% this year, driving S&P 500. 4. Market may not undergo major shifts, year-to-date winners likely to persist. 5. Investors seeking to invest rather than park cash in less attractive money-market funds.