Buy Already Beaten Down French Stocks In Advance Of Populist Election, Says Morgan Stanley

The world’s eyes will be on the increasingly populist election in the US this fall. As Democratic Presidential Hillary Clinton is currently struggling to recover from phenomena as well as from her “let them eat cake” moment by disparaging Trump voters as a “basket of deplorables.” What is taking place in the US is not a one-off situation, a Morgan Stanley research report notes. Shortly after the US Presidential election, France will hold primaries with full elections in the spring. Much like the US, an increasingly tolerant electoral attitude towards accepting the unknown and voting for radical alternatives could make the outcome increasingly unpredictable. Despite this, Morgan Stanley says the stock market has priced in this disharmony and recommends...