Resist buying U.S. stocks and Treasurys, Morgan Stanley advises. Here's what their strategists recommend buying instead. - MarketWatch

U.S. stocks have been a winning investment these last two years, on what proved to be a correct bet that corporate earnings would recover from the coronavirus pandemic, as well as the low interest rates and fiscal stimulus that have heated up the global economy.

Strategists at Morgan Stanley say investors should resist buying U.S. stocks as part of their 2022 preview, in which they argue that the “hotter, faster” cycle advances.

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