Morgan Stanley Says Rest of 2019 Might Flummox U.S. Markets
- Strategists see rest of the world catching up to America
- Growth reversal story ‘delayed, not derailed’: Sheets
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The beginning of 2019 has been good for U.S. assets. But the back half might not be as favorable, according to Morgan Stanley.
Markets are currently priced for a “Goldilocks” scenario of solid but non-inflationary growth, and America has outperformed -- but that’s all set to reverse, strategists including Andrew Sheets wrote in a May 12 note. Their skepticism rests on three factors playing out over the remainder of the year: