2015 – “The year of Great Rebalancing”: Morgan Stanley

Great rotation move over! Once markets get comfortable with near-term risks of oil, U.S. earnings, and currency volatility, equities should continue to do well in 2015, according to Morgan Stanley. In its February 13, 2015 research report titled: “Our 2015 Thesis: The Great Rebalancing Act”, Morgan Stanley notes active managers will likely continue to perform well this year. 2015 – The year of great rebalancing The Morgan Stanley report notes flattening of the yield curve, valuation compression, rotation to late-cycle stocks, underperformance of EM and small caps and a strengthening U.S. dollar all suggest that the markets are in a…