Morgan Stanley: Sentiment Has Quickly Shifted From Post-Election Euphoria To Recession Fears: Credit Hedges Remain Cheap

By Vishwanath Tirupattur, global head of Quantitative Research at Morgan Stanley

Credit's Low-Beta Opportunity

Market sentiment has shifted quickly from post-election euphoria and animal spirits to increasingly serious concern about downside risks, driven by ongoing policy uncertainty and a spate of uninspiring 'soft' data.