NewsFeeder
Headline News
- Reaction score
- 4
Morgan Stanley Advises Clients to Stay Conservative
This week, the notably bearish chief investment officer of Morgan Stanley (MS) reiterated the bank's position on equities: Stay in boring defensive stocks, as it appears that the market is at all-time highs and economic data is weak. In particular, he stressed that a sudden halt of interest rate hikes (like the one announced last week) is not the same as a planned, gradual pause. Morgan Stanley clearly sees the Fed's about-face on monetary policy as a bearish signal, and one that shows the central bank is worried about the state of the economy.
https://finance.yahoo.com/news/morgan-stanley-advises-clients-stay-160914820.html?.tsrc=rss
This week, the notably bearish chief investment officer of Morgan Stanley (MS) reiterated the bank's position on equities: Stay in boring defensive stocks, as it appears that the market is at all-time highs and economic data is weak. In particular, he stressed that a sudden halt of interest rate hikes (like the one announced last week) is not the same as a planned, gradual pause. Morgan Stanley clearly sees the Fed's about-face on monetary policy as a bearish signal, and one that shows the central bank is worried about the state of the economy.
https://finance.yahoo.com/news/morgan-stanley-advises-clients-stay-160914820.html?.tsrc=rss
