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The S&P 500 is masking a hidden market pullback. Why Morgan Stanley says an index retreat would signal a buying opportunity.

Katherine Langford
Editor-in-Chief · Monday, October 19, 2026 at 10:23 AM · 1 min read
The S&P 500 is masking a hidden market pullback. Why Morgan Stanley says an index retreat would signal a buying opportunity. — MarketWatch, Sydney Business news
Image: MarketWatch

Since mid-summer portfolio managers have been emphasizing free cash flow, profitability, high margins, strong balance sheets and stable earnings when stockpicking.

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