Morgan Stanley Predicts End to US Stock Selloff, Impacts Crypto Markets

Morgan Stanley predicts the end of the recent US stock selloff, a development with implications for both traditional equities and the cryptocurrency market. Andrew Slimmon, a Morgan Stanley analyst, suggests that the downturn, driven by speculative activity in assets like AI-focused tech, may be nearing its conclusion. This shift is also impacting the crypto sector, specifically in areas such as DeFi and climate technology. The analysis notes a correlation between these trends in markets. Institutional investors are shifting their focus toward technologies like AI and climate-tech, which have fueled a series of investments and potential new opportunities.