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“Bonds no longer acting as shock absorber”: Morgan Stanley’s CIO

Traditional asset allocators should heed the warnings of 2018, according to Mike Wilson, chief US equity strategist and CIO for Morgan Stanley, underlining the sweeping changes taking place in fixed income markets. “Bonds are no longer acting as a shock absorber due to normalisation of monetary policy and this is a very important point to take for asset allocators,” said…

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