The market's correction is entering its final phase — but wait before buying the dip, says Morgan Stanley chief strategist

Impact · against what's priced in

Morgan Stanley's warning of a further S&P 500 decline suggests a near-term valuation compression across the broad market. This represents a bearish catalyst for general equity valuations in the coming weeks.

Scored by the NIS engine · methodology.

• investment banking
• market outlook
• risk management
• s and p 500