Morgan Stanley Is Not Bullish Enough On The S&P For Your Tastes

Morgan Stanley Is Not Bullish Enough On The S&P For Your Tastes

Cautiously optimistic or, as it's come to be known, "rational exuberance" is the new "bearish." Wall Street's year ahead outlook pieces have generally stuck to the "Goldilocks" theme that calls for what amounts to a repeat of 2017 - synchronized global growth but still subdued DM inflation. That's a "have your cake and eat it too" type of deal because it allows everyone to posit a continual upturn in global growth while simultaneously clinging to the idea that central banks will have an excuse
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