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Tuesday, July 31, 2018

Morgan Stanley Warns Biggest Correction Since Feb Looming

"The selling has just begun," said the investment bank in a new note on Monday.
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Morgan Stanley Warns Biggest Correction Since Feb Looming
"The selling has just begun," said the investment bank in a new note on Monday.
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Morning Headlines
Fed Set to Hold Interest Rates Steady, Remains on Track for More Hikes
Solid economic growth combined with rising inflation are likely keep it on track for another two hikes this year even as President Donald Trump has ramped up criticism of its push to raise rates.
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FANGs Overvalued Despite Recent Drop: Paul Meeks
The veteran tech investor says that shares of the tech giants must fall significantly before they become buys.
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Why Fiat Chrysler Can Speed Ahead of the Pack
One bull expects shares of the London-based company to gain more than 50% over the next 12 months.
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Trump Administration Eyes Capital Gains Tax Cut for Wealthy- NY Times
The Trump administration is considering bypassing Congress to grant a $100 billion tax cut to wealthy Americans by allowing taxpayers to account for inflation while determining capital gains tax liabilities, the New York Times reported on Monday.
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Top S&P 500 Gainer & Loser
BEN
Franklin Resources Inc.
5.73%
TWTR
Twitter Inc
-8.03%
As of last market close.
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