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Morgan Stanley says sell European defensives, buy cyclicals and high beta

Date: Wednesday 28 May 2014

Morgan Stanley says sell European defensives, buy cyclicals and high beta

In a note entitled 'Don't Panic, Sell Staples', Morgan Stanley's European team has perceived a "compelling opportunity" for investors to start selling defensives and rotate into oversold high beta or cyclical stocks.

Figuring that the ‘Great Rotation’ of 2014 "hasn’t occurred at the asset allocation level, but rather...

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