Key Takeaways Morgan Stanley's stock hit an all-time high during a Fed rate cut-fueled market rally.Wealth and asset management now drive more than half of the firm's total net revenues.Expenses and reliance on trading revenues have been the key growth headwinds for MS.Amid the broader stock market rally yesterday, Morgan Stanley (MS) shares touched an all-time high of $148.23 during the trading session to finally close at$147.29. The rally came after the release of the latest inflation report, which sugge ...