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Morgan Stanley is recommending a barbell strategy to play the market. Here’s what that means

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A weightlifter takes part in a training session during preparations for the 2016 Olympic Games to be held in Rio de Janeiro, Brazil

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The stock market is trading at record highs as stimulus from Congress and the Federal Reserve appear to be reaching their end, so investors should hedge their portfolios with a “barbell “approach to protect against a pullback, according to Morgan Stanley.

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