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NewsWatch: Away from S&P 500 and other top indexes, markets are behaving as if it’s late in the cycle: Morgan Stanley strategist

MARKETWATCH FRONT PAGE You would have a hard time convincing someone looking at the major U.S. stock-market benchmarks that it is looking like the end of the cycle. Yet Andrew Sheets, chief cross-asset strategist at Morgan Stanley, says there are late-cycle indicators in current markets. See full story. Delta’s CEO …

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The Tell: Apart from the major indexes like the S&P 500, markets are behaving like it is late in the cycle, says Morgan Stanley strategist

You would have a hard time convincing someone looking at the major U.S. stock-market benchmarks that it is looking like the end of the cycle. The S&P 500 SPX, +0.18%, for instance, has registered 12 record closes this year, climbed 15 out of the last 19 weeks and has gained …

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