The stock market continues to hit record highs, with small-cap stocks also joining the rally. Despite gains, Morgan Stanley’s Lisa Shalett advises investors to take profits before a potential downturn. Shalett warns that small-cap companies may struggle to compete with technology and sees challenges ahead in the market. Fed interest rate cuts may not be enough to boost small-cap stocks.

Read more at Yahoo Finance: Why Morgan Stanley’s wealth CIO says it’s time to take profits in small-caps and meme stocks