Morgan Stanley lays out shock case for the S&P 500

Wall Street just got a wake-up call. Friday’s punishing sell-off reminded everyone of the fragility of current record-level optimism in the market, especially when politics and policy collide.  U.S. stocks took a monumental hiding on October 10 when President Donald Trump threatened an unnerving 100% tariff on Chinese imports, leading to the sharpest one-day drop…

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