 Via a Morgan Stanley note on US stocks. In a nutshell, analysts at MS are warning that US corporate profits could be set for their largest fall since the global financial crisis. MS say that while the focus appears to be on inflation and the Fed, the current decline in stocks is being prompted by investors turning their attention to the deteriorating earnings outlook.MS add further that severity of the coming wave of earnings downgrades is still underappreciated.Morgan Stanleys... 