Morgan Stanley predicts a drop in corporate earnings will slam the brakes on the stock market rally in the United States. Read more here.
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Instead, they are bullish on equities in Japan, Taiwan and South Korea and recommend an overweight position in developed-market government bonds, including long-dated U.S. Treasuries, and the dollar.Canada's best source for investing news, analysis, and insight on investment strategies, stocks and more.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
“We think that the downside risk to U.S. earnings is now,” Morgan Stanley analysts said in a note published June 4. “While a deteriorating liquidity backdrop is likely to put downward pressure on equity valuations over the next three months, we also see EPS disappointment ahead as revenue growth slows and margins contract further.”
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