Morgan Stanley to Citigroup Turn Sour on U.S. Equity Outlook
- Date: 08-Sep-2021
- Source: Yahoo News
- Sector:Financial Markets
- Country:Middle East
Morgan Stanley to Citigroup Turn Sour on U.S. Equity Outlook
(Bloomberg) -- Morgan Stanley cut its recommendation on U.S. equities to underweight and its call on global stocks to equal-weight, citing “outsized risk” to growth through October.
Rising cases of the delta strain of Covid-19, and tension between elevated inflation expectations and low yields and easy monetary policy are at play during a time “that has historically poor seasonality,” strategists including Andrew Sheets wrote in a note on Tuesday.