Morgan Stanley: U.S. stock performance basically follows the pattern of the 2016 election

Morgan Stanley strategists said that the current trend of the US stock market is basically inclined to the pattern of the 2016 US presidential election, although this time, the signals are more mixed under the different economic background. The team led by Michael Wilson said that the outperformance of financial stocks and industrial stocks showed that the direction of market movement was similar to that of 2016 to a certain extent. "However, outside of financial stocks, the magnitude of these fluctuations is not convincing. The financial sector has also benefited from a strong earnings season and improved fundamentals," they wrote in the report. (Jinshi)