Risk Is Back as Morgan Stanley, Goldman Signal Bullish Way Out
- Policy compromises, valuations show potential for relief rally
- Political uncertainty ‘will not last forever’: BNP’s Brones
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Investors and strategists who shunned risk, from stocks and credit to emerging markets, are cracking the door back open.
From BNP Paribas Wealth Management in Paris to Goldman Sachs Group Inc. in New York, they’re rejecting market signals that developed economies are on the verge of tipping into recession. Bargain prices, emerging compromises on trade, stimulus in China and even Brexit offer potential reasons for cheer.