The chip pullback is ushering in a bumpy market. These sectors are the best bets now, according to Morgan Stanley.

Semiconductor trade momentum has cooled over the past couple of weeks, and the article expects the weakness to persist. It flags a potentially bumpy period ahead for the overall stock market, implying near-term risk to equity sentiment even without specifying a company or quantitative catalyst.

Analysis

Semiconductor trade momentum has cooled over the past couple of weeks, and the article expects the weakness to persist. It flags a potentially bumpy period ahead for the overall stock market, implying near-term risk to equity sentiment even without specifying a company or quantitative catalyst.