Investing.com – Trade wars? Inflation?
Don’t worry, says Morgan Stanley (NYSE:).
The Wall Street firm says both threats have been overblown, leaving the stock market free to set new highs.
In a note to investors, Morgan Stanley said the Trump administration would not want to “destabilize global equity markets” with a trade war because it could lead to a GOP defeat in the midterm election later this year.
Meanwhile, worrisome signs of inflation that surfaced in January failed to appear again in February, allowing the yield on the 10-year Treasury note to stabilize below the psychologically important 3.00% level.
Both JPMorgan Chase (NYSE:) and BlackRock have also issued bullish market forecasts since the February correction.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.