Bear market rally ‘based on a Fed pause/pivot that isn’t coming’: Morgan Stanley strategist


Source: theglobeandmail.com theglobeandmail.com

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Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow Morgan Stanley strategist Michael Wilson’s contribution to the firm’s Sunday Start report is the most talked about research this week by a considerable margin, as he compared current market conditions to scaling Mount Everest, “Either by choice or out of necessity investors have followed stock prices to dizzying heights once again as liquidity (bottled oxygen) allows them to climb into a region where they know they shouldn’t go and cannot live very long. They climb in pursuit of the ultimate topping out of greed, assuming...