What's Wrong With Morgan Stanley?
- There has been a lot of focus on the problems surrounding Goldman Sachs (GS) and the weakness in BofA (BAC) recently. However, while nobody was looking, Morgan Stanley (MS) has fallen 17% to new lows of the year over the past three months. This has helped cause some concerning weakness in the XLF financial sector ETF. Therefore, NFLX and TSLA won’t be the only earnings announcements we’ll be focused on this Wednesday…as MS reports that day as well.