Morgan Stanley CIO sees a ‘bear market bounce’
Stocks have continued their rebound into 2023, delivering one of the best openings to a calendar year since January 2000. Morgan Stanley however believes the gains are just another bear market bounce.
The inverted yield curve in the US, the curious outperformance of gold, and falling demand for oil in the US are three factors that warrant particular attention, Lisa Shalett, Morgan Stanley’s chief investment officer , told investors this week.