Tags: S&P 500

Morgan Stanley Warns to Sell the Inauguration While Greatly Increasing 2018 Earnings Forecast

Morgan Stanley is out with a helter skelter note of caution on markets, warning investors to sell the Trump inauguration while upping earnings estimates by 18% for 2018 — citing material upside in earnings and multiple contraction.   Plainly, if what Morgan Stanley says comes to fruition, stocks should trade higher on the backs of…

European and Asian stocks rose after the early scare from the latest Fukushima quake dissipated when all Tsunami warnings were cancelled. The global risk on mood was spurred by another jump in crude, which was up 1% in early trading, with the commodity complex now enjoying its biggest three-day rally since May, after Nigeria signaled…