Morgan Staley on the euro:
Adding in this snippet from them on US equities, this in (very) brief. MS have 3 points on where we are at:
- valuations are now more attractive
- equity markets so oversold
- rates potentially stabilizing below 3%
And conclude:
- stocks appear to have begun another material bear market rally
What's next:
- After that, we remain confident that lower prices are still ahead
- close to 3,400
