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(New York)
Morgan Stanley has put out some new investment recommendations. The bank thinks right now is a time when investors can enjoy some big gains, as the economic backdrop is the most positive since the Financial Crisis; at least until the whole picture changes next year. "Synchronous self-sustaining growth, contained inflation and well-telegraphed, gradual withdrawal of policy should drive more animal spirits", says the bank. Morgan Stanley thinks that in typically late cycle behavior, companies will be investing more and more buyers will be drawn into the stock market. Some of the bank's current picks include US and Japanese equities over European ones, but the Euro as a currency. Emerging market currencies should do well, so too should Chinese stocks. In US credit, investment grade should outperform high-yield.
FINSUM : Some broad picks here from MS. It looks like they are short-term bullish in a number of areas.
- Morgan Stanley
- stocks
- economy
- high yield
- euro
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
