Morgan Stanley Bullish On U.S. Assets Bearish On U.S. Dollar - The Wealth Advisor
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4 itemsMorgan Stanley turns bullish on most US assets, except dollar - Reuters
Global FX: Interrogating the optimistic baseline
The desk is currently evaluating a dollar bearish narrative amidst ongoing volatility in U.S. equities and geopolitical tensions. Per the full note from J.P. Morgan, the analysis suggests that the optimistic baseline for the dollar may be overly reliant on cyclical recovery assumptions. This view is supported by recent fluctuations in industrial commodities and the potential for further equity market instability, which could undermine the dollar's strength in the near term.
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