Morgan Stanley Says Sell Rallies as Goldman Sees Chance to Buy
- S&P 500 could be due for a drop to 2,400, Morgan Stanley says
- Goldman still sees benchmark climbing to 2,850 by year end
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The stock sell-off this month has been ugly, despite the rally Monday. Whether it’s been hideous enough to signal a turnaround is a topic of debate among two of the biggest U.S. banks.
Morgan Stanley is of the opinion that there’s further downside left.