Miner Company
Morgan Stanley stays bullish on US stocks despite Middle East tensions, sees healthcare as best defensive bet
Bank says geopolitical risk rarely derails markets and oil prices would need to double to threaten its positive outlook Morgan Stanley, the US investment bank, has reaffirmed its bullish stance on American equities despite fresh tensions in Iran and across the Middle East, arguing that history shows such events rarely produce sustained sell-offs. Analysing 22 geopolitical events since the Korean War in 1950, the bank's equity strategy team found the S&P 500, the main US stock market index, has r
Bank says geopolitical risk rarely derails markets and oil prices would need to double to threaten its positive outlook Morgan Stanley, the US investment bank, has reaffirmed its bullish stance on American equities despite fresh tensions in Iran and across the Middle East, arguing that history shows such events rarely produce sustained sell-offs. Analysing 22 geopolitical events since the Korean War in 1950, the bank's equity strategy team found the S&P 500, the main US stock market index, has returned 2%, 6% and 8% on average over one, six and twelve months following such episodes.