Morgan Stanley: Strong US dollar may threaten the rise of US stocks
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Morgan Stanley's Chief US Stock Strategist Michael Wilson stated that the strengthening US dollar may threaten the rise of US stocks, potentially causing a slowdown in the stock market rebound. Despite the record highs in the US stock market this year, the Bloomberg US Dollar Index has risen by about 2% since early October. At the same time, a survey by US banks shows that fund managers have significantly increased their allocation to stocks, while reducing their cash holdings, reflecting investors' optimism about the Fed's rate cuts and the possibility of an economic soft landing
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