Morgan Stanley expects the pandemic numbers to decline, lower rate of change, into the start of a school year in September with a retest, about halfway back, in December, with some form of vaccine available by spring 2021.
Without any fancy footwork invert the chart and it implies the bottom of asset, risk prices, with another opportunity to add in December before status quo ante
Without any fancy footwork invert the chart and it implies the bottom of asset, risk prices, with another opportunity to add in December before status quo ante
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