When these guys telling you something you should do just the opposite. I should sell them my trading system.
Morgan Stanley Abandons Weak US Dollar Call on Shift in Rates
Morgan Stanley strategists have dropped their expectations of near-term weakening in the dollar amid a regime shift in U.S. rates propelled partly by prospects for meaningful fiscal expansion. “It’s no longer attractive to be positioned for a weaker dollar from here given the uncertainties around the fiscal policy outlook, the monetary policy outlook and the growth in inflation outlook,” Matthew Hornbach, global head of macro strategy, said in a phone call on Monday. The Bloomberg Dollar Spot Index headed for its best three-day rally since September on Monday as traders covered short positions while 10-year ... (full story)