Market jump after Fed hike is ‘trap’, Morgan Stanley warns investors

Market jump after Fed hike is ‘trap’, Morgan Stanley warns investors

Morgan Stanley is urging investors not to put their money in stocks despite the market rally following the Fed’s decision. Mike Wilson, the company’s chief U.S. equity strategist and chief investment officer, said he believes Wall Street’s excitement over the idea that interest rate hikes may slow sooner than expected is premature and problematic. “The…

Stock market: Three sectors Morgan Stanley’s Ridham Desai is on the rise

Stock market: Three sectors Morgan Stanley’s Ridham Desai is on the rise

Domestic investors have outpaced foreign portfolio investors (FPIs) in the Indian market for the first time in over a decade. Recent macroeconomic risks have led to a sharp sell-off by foreign investors in the market, while domestic investors combined with mutual funds and stocks have seen strong growth. Morgan Stanley said domestic ownership rose by…