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Europe Is a Buy, Says Morgan Stanley Analyst Who Made the Prediction In March

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Mark Melin
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With the first round of the French election in the rearview mirror, there are clear winners and losers. With Emmanuel Macron and Marine Le Pen facing the chosen two to face off in a May 7 election, Morgan Stanley says the outcome will be benign: markets will win.  It will be interesting to see if Horseman Capital Management’s Stephen Roberts, who boldly proclaimed before the election that the result won’t matter and recommended buying European stocks despite election concerns several weeks ago listened to his own advice. Morgan Stanley's Grahm Secker is on the list of those who recommended buying in Europe in March. Now this analyst along with two others is reiterating their bullish call in the...

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.