Morgan Stanley Begs To "Make My Portfolio Great Again" [zero hedge]
Morgan Stanley (MS)
Last morgan stanley earnings: 4/16 07:15 am
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US:NYSE Investor Relations:
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Source: zero hedge
It has been an torrid, if not downright abysmal year for Morgan Stanley's chief equity strategist Adam Parker: after starting off the year bullish only to see stocks crash, then flipflopping to a bear just as stocks soared, leading to one of the most bizarre notes we have ever read, in which Parker compared rally chasers to cockroaches, he then proceeded to get the sector rotation wrong while blaming hedge funds and other clients, and ultimately turned bullish just as the market peaked. Overnight, it appears Parker's woefully Gartmanesque calls have continued, and in a note titled "Make My Portfolio Great Again?" he shares his views on how to trade the Trump move. Alas, in retrospect, Parker - just like Gartman - got it all wrong for the reasons we explained previously, saying that "every client overnight asked us the same question - "should I buy the dip?" with the futures hitting temporary shutdown circuit breakers as we are typing this around midnight New York time. We'd love to sa
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- MS's page on the SEC website