FYI: Uncertainty around the Brexit and the US election are likely to remain
short-term market headwinds; history suggests that
rational economic self-interest will likely prevail and that
antiestablishment movements can be productively
catalytic; we see rising probabilities for structural reform
and worldwide embrace of fiscal spending to drive
growth; global savings glut and historically low interest
rates suggest such spending can be financed without
imperiling long-run debt sustainability. Consider using
market volatility opportunistically and taking the longerterm
view on portfolio positioning.
Regards,
Ted
http://www.morganstanleyfa.com/public/projectfiles/gicweekly.pdf
