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MORGAN STANLEY: Stocks are barreling towards a long earnings recession, and an investing strategy to survive the drought is already crushing the market

MORGAN STANLEY: Stocks are barreling towards a long earnings recession, and an investing strategy to survive the drought is already crushing the market

A decline in earnings growth during the first quarter won’t come as a shock to Wall Street. After all, analysts have already made the steepest cuts in years to earnings-per-share growth in the first quarter, and they may not be done downgrading yet. However, what Morgan Stanley has on its radar will come as a…