QYLD

Investors search for income and yield are taking a beating this year, particularly if they're relying on traditional assets. The Federal Reserve's interest rate cutting has Treasury yields residing at rock-bottom levels while the S&P 500 was home to a rash of negative dividend cutting in the first half of the year.

The tech-led selloff in U.S. equities is likely only halfway done, according to the Morgan Stanley strategist whose warning last month about the top-heavy market now appears prescient.