Downgrading Global Equities to Underweight
Comment of the Day

July 08 2019

Commentary by Eoin Treacy

Downgrading Global Equities to Underweight

Thanks to a subscriber for this report from Morgan Stanley which may be of interest. Here is a section:

Eoin Treacy's view

A link to the full report is posted in the Subscriber's Area. 

The argument at this stage in the market cycle is less about valuation and more about the fear of missing out. If bond yields are compressing because of the anticipation of massive monetary easing that bond-equity spread will be a significant tailwind for equities on a breakout scenario.

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