Sell This Credit Rally: Morgan StanleyMani
As Morgan Stanley analysts turn tactically cautious on U.S. credit, they recommend that investors sell this rally or at least put hedges in place. Adam Richmond and team said in their March 30 research note titled “Corporate Credit Insights: Fade the Rally” that they believe the risk/reward is less attractive in HY than in IG or loans.
Credit rally leaves risk assets in a "sweet spot" for now
Richmond and colleagues argue that credit has rallied as modestly better economic data has alleviated exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
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