Europe Is a Buy, Says Morgan Stanley Analyst Who Made the Prediction In March

With the first round of the French election in the rearview mirror, there are clear winners and losers. With Emmanuel Macron and Marine Le Pen facing the chosen two to face off in a May 7 election, Morgan Stanley says the outcome will be benign: markets will win.  It will be interesting to see if Horseman Capital Management’s Stephen Roberts, who boldly proclaimed before the election that the result won’t matter and recommended buying European stocks despite election concerns several weeks ago listened to his own advice. Morgan Stanley’s Grahm Secker is on the list of those who recommended buying…