According to @CNBC, Morgan Stanley says some beaten-down stocks may face additional downside as investors sell to save on taxes, highlighting tax-loss selling as a driver of near-term pressure into year-end (source: @CNBC, Oct 8, 2025). The CNBC post did not list specific tickers or sectors, focusing instead on the tax-driven selling dynamic that can weigh on underperformers (source: @CNBC). The CNBC post did not discuss cryptocurrency market impacts, so no direct crypto read-through was provided (source: @CNBC).