According to @business, Morgan Stanley's chief US equity strategist said the US equity market is poised for a pullback due to elevated investor exposure and high valuations. Source: @business, Bloomberg, Oct 13, 2025. According to @business, the linked Bloomberg report highlights an S&P 500 downside risk of about 11% tied to trade-war pressures, reinforcing a risk-off bias. Source: @business, Bloomberg, Oct 13, 2025. According to @business, this risk-off signal means traders may monitor equity beta, liquidity, and cross-asset volatility for spillovers, with BTC and ETH sensitivity likely to rise if equities weaken. Source: @business, Bloomberg, Oct 13, 2025.