Morgan Stanley: Fundamental Disconnect in the Markets, Were Not Buying This Turkey
“$MS continues to be one of the most bearish big shops around, and the latest Global Asset Strategy report from Gregory Peters drives that home.
The report is titled Fundamental Disconnect and the gist is that the market represents a battle right now between deteriorating fundamentals and central bank liquidity actions, and that the deteriorating fundamentals are likely to trump the easing in the end.
The general view on markets is summed up here: ”
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