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Morgan Stanley Says Stock Movements Point to 'No Landing' Beliefs for Economy
Recent moves in the U.S. stock market suggest that investors are beginning to price in a "no-holds-barred" economic scenario, which involves rising expectations for economic growth, equity strategists at Morgan Stanley said Monday. "However, macro data and stock market leadership have begun to support a no-landing outcome," Morgan Stanley strategists led by Michael Wilson said in a report. Strong economic data and a higher-than-expected inflation report have also lowered expectations for a Fed rate cut.
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