If the US stock market turns bearish, European stocks won't escape -- Morgan Stanley is bearish on European stocks!

Morgan Stanley pointed out in its latest European stock market strategy report that the European stock market currently faces many uncertainties, with an overall risk bias leaning downward. The report mentioned that the performance of the European stock market may be influenced by the performance of the U.S. stock market, especially when the U.S. stock market experiences a decline. The report noted that the valuation difference between the European and U.S. stock markets is approaching the "upper bound of a structural downward trend," which means that the European stock market may face adjustment pressure