Wealth and Asset Management
Morgan Stanley Wealth Exits Junk Bonds, Warns on Recession Risk
It’s too late in this market cycle to bet on high-yield bonds, according to Morgan Stanley Wealth Management. So, the $2 trillion money management arm is completely slashing junk bond allocation. True, tax cuts are expected to inject fresh momentum into high-flying stocks, but the boost may be short-lived and…
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Click here to read the full story: Bloomberg