Morgan Stanley says a 10% to 20% correction is ahead, get defensive and buy staples

Published Mon, Jul 19 20217:15 AM EDTUpdated Mon, Jul 19 20215:52 PM EDT

People walk along Wall Street in the rain on July 08, 2021 in New York City.

Spencer Platt | Getty Images

The stock market is teetering toward a correction, and investors should burrow down in some less volatile stocks, according to Morgan Stanley.

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