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“If you thought that science was certain - well, that is just an error on your part.”

— Richard Feynman

The Morgan Stanley (MS) CIO office in Private Wealth Management (MSWM) recently trimmed their US rates long duration risk and also covered a longstanding underweight exposure to Big Tech stocks, returning to neutral. This is otherwise commonly referred to as getting stopped out ...

 

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Morgan Stanley PWM | More Gobbledigook by the pros

The CIO changed, but the portfolio positions did not