“Some call it the summer lull, but to me it seems we have simply arrived in what we expected to be a ‘boring but better’ second half of the year,” said Morgan Stanley’s Joachim Fels. Fels is reiterating Morgan Stanley’s house view, which they laid out in June. Morgan Stanley isn’t the only Wall Street firm calling this market boring. Goldman Sachs recently characterized it as “challengingly boring.” Things have been boring because frankly things have been pretty good. “Global growth is improving mildly, lowflation is here to stay, central banks remain accommodative, equity markets and the US dollar are …read more
Source: Business Insider
