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Morgan Stanley: 10-Year Yields Have "Decisively" Broken Through The Risk Level For Stocks

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by Tyler Durden
Sunday, Apr 14, 2024 - 11:50 PM

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By Michael Wilson, Morgan Stanley chief equity strategist

In our first note of the year, I cited three potential macro outcomes for 2024 with similar probabilities:

  1. A soft landing with slowing/below-potential GDP growth and inflation falling toward the Fed's target of 2%;

  2. A no landing scenario under which GDP growth re-accelerated with stickier inflation; and

  3. A hard landing.

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