Stocks are following the same playbook they did in 2006, and rate cuts might not be the rocket fuel investors are hoping for, Morgan Stanley’s CIO says
Traders work on the floor of the New York Stock Exchange August 13, 2015.REUTERS/Brendan McDermid The landscape for stocks looks similar to 2006, Morgan Stanley’s Mike Wilson said in a note. That’s because markets are expecting a rate cut as the business cycle slows. Investors hoping for 1984-style stock gains are likely to be disappointed, … Read more