Morgan Stanley Cross-Asset Sunday call: next 2 weeks will be more tactically challenging
1. we are past the beneficial flows around month-end re-balancing

2. sees potential for renewed funds outflows cross-asset

3. we are past peak market uncertainty but not past peak macro uncertainty

4. earnings seasons will be downbeat

5. US covid news will continue to get worse; coasts still 1-2 weeks to peak; rest of US >40 days left to peak