A snippet from a MS Sunday client note
Morgan Stanley cite:
- the current speed of the vaccination rollout
- new fiscal stimulus still to come (check this out: US Senate passes $1.9 trillion stimulus bill)
- imminent spring weather
And say:
- it's difficult not to imagine an economy that's on fire later this year
- and long story short is the recession is effectively over
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Bond markets have been saying this for weeks, yep.
