(Bloomberg) — Global financial markets are now in a bottoming phase, and investors should start to add risk and sell the U.S. dollar, according to Morgan Stanley.The tightening of financial conditions has been fast and furious, caused by a slump in stock markets and a widening of credit spreads, strategists including Matthew Hornbach in New York wrote in a report published Friday. However, support measures, mainly by central banks so far, are helping to deliver easing and stabilize the situation, they said.“That’s not to say we’re ‘calling the bottom’ or we’ve seen the lowest prices in risk assets,” the strategists …read more
Source:: Yahoo Finance
