Morgan Stanley is more convinced than ever that the coronavirus recession will be a “sharp but short” blight on the global economy.
The bank doubled down on its call for a V-shaped recovery Sunday, telling clients in a mid-year review note that the cycle is “more ‘normal’ than appreciated.”
Despite equities largely erasing year-to-date losses, valuations continue to underprice the chance of a swift turn higher, the team led by Chetan Ahya wrote.
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Morgan Stanley doubles down on forecast for a V-shaped economic recovery by 4th quarter
The bank doubled down on its call for a V-shaped recovery Sunday, telling clients in a mid-year review note that the cycle is “more ‘normal’ than appreciated.”
Despite equities largely erasing year-to-date losses, valuations continue to underprice the chance of a swift turn higher, the team led by Chetan Ahya wrote.
Read more at:
Morgan Stanley doubles down on forecast for a V-shaped economic recovery by 4th quarter
