When the biggest investment banks in the financial market guide Main Street into one strategy, they usually do it in a subtle way to test the waters. If there is a lot of traction behind the idea, then they will pull out the “big guns” in a wave of content, guest interviews, or other ways to get more minds—and capital—behind a recommendation.
Today, those at Morgan Stanley (NYSE: MS) have recommended investors sell dollars. Now, that’s an open-ended recommendation that conflicts with the views regarding the new potential trade tariffs being proposed by the newly elected United States administration. However, when investors zoom out and check the price action in other asset classes away from currencies, like bonds and commodities, it is very clear that the market does want a lower dollar.
