Morgan Stanley says that despite its recommendations under-performing in Europe, the euro is heading lower and investors should consider those same recommendations to buy certain stocks. Euro is likely headed lower Morgan Stanley’s stock basket of weaker European beneficiaries, as the stock picks are at a 5 year low relative to their price earnings, the company is nonetheless saying now is the time to move into these stocks as the Euro is likely headed lower. The brokerage firms FX strategists are forecasting a lower euro currency relative to the dollar over the near term, with the currency pair trading at…
Morgan Stanley Recommends Eurozone Stocks Amid Weaker Euro
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.