Recent observations from Morgan Stanley highlight critical disconnects within the stock market as it approaches what some analysts describe as a bull market. Key recovery signs in the S&P 500 have instigated concerns on Wall Street. The firm points out warning signals in three major assets, urging investors to remain cautious. Understanding these potential disconnects is crucial for investors looking to navigate the impending market changes effectively. By staying updated and understanding the expert perspective, investors can make more informed choices in their equity investments as the market evolves.