Optimism around a US policy pivot has continued to support valuation. In today’s note, we discuss parallels to prior pivotdriven rallies as well as recent trends in earnings revisions and performance breadth. Our latest Consumer Pulse Survey indicates more positive consumer sentiment. • Earnings Revisions. Revisions breadth turned higher last week, in line with historical seasonality (a relationship that has…
Morgan Stanley: Weekly Warm-up: Policy Shifts Take Center Stage
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