Why the rally in stocks is destined to fizzle out, according to Morgan Stanley's wealth CIO

Why the rally in stocks is destined to fizzle out, according to Morgan Stanley's wealth CIO

Bruce Yuanyue Bi/Getty ImagesThe stock market rally will "stall out," Morgan Stanley's Lisa Shalett said.The Magnificent 7 stocks will lose momentum amid decelerating growth and dropping cash levels.Shalett suggested a turn toward beneficiaries of deregulation.Stocks have rallied sharply since April lows but investors shouldn't treat the upside as a blueprint for what's to come, a top Wall Street exec warned last week. Lisa Shalett, the chief in…