Market Moves
Get Out of Consumer Discretionary Stocks, Morgan Stanley Urges
Their run is done, and staples are the better choice in the next market phase, says strategist Mike Smith.
With stocks and bonds offering meager futures, pension plans and other investors find under-appreciated VC beats another alt, private equity, which grabs all the attention.
The economic slump has held down merger action in 2020.
Portent: Chinese consumers remain fearful about going out after lockdown lifted, ex-Morgan Stanley honcho Roach warns.
IHS Markit sees one hitting in the second quarter and lasting to year-end.
Lots of wariness about an escalation of the US-China trade war and bad economic fallout.
Escalating conflict may slice corporate earnings and lower employment, firm warns.