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  • Morgan Stanley "Our Strategists Have Rethought Their Market Calls and Make Three Key Tactical Changes"

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    Morgan Stanley strategists have rethought their market calls and made three key tactical changes in response to last month's huge surprise in the US jobs report. The report showed 517k new jobs added, which was 8.5 standard deviations above the consensus economist estimate of 185k jobs. Given the shockingly large difference between expectations and reality, Morgan Stanley analysts have updated their views to be more humble and nimble in response to potential economic data surprises.

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    Morgan Stanley strategists have rethought their market calls and made three key tactical changes in response to last month's huge surprise in the US jobs report. The report showed 517k new jobs added, which was 8.5 standard deviations above the consensus economist estimate of 185k jobs. Given the shockingly large difference between expectations and reality, Morgan Stanley analysts have updated their views to be more humble and nimble in response to potential economic data surprises.

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    12 views1 page

    Morgan Stanley "Our Strategists Have Rethought Their Market Calls and Make Three Key Tactical Changes"

    Uploaded by

    paranoidrewy
    Morgan Stanley strategists have rethought their market calls and made three key tactical changes in response to last month's huge surprise in the US jobs report. The report showed 517k new jobs added, which was 8.5 standard deviations above the consensus economist estimate of 185k jobs. Given the shockingly large difference between expectations and reality, Morgan Stanley analysts have updated their views to be more humble and nimble in response to potential economic data surprises.

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    of 1

    Morgan Stanley: "Our Strategists Have Rethought Their Market Calls A... about:reader?url=https%3A%2F%2Fwww.zerohedge.com%2Fmarkets...

    zerohedge.com

    Morgan Stanley: "Our Strategists Have


    Rethought Their Market Calls And
    Make Three Key Tactical Changes"
    by Tyler Durden

    1 minute

    Premium

    By Vishwanath Tirupattur, global head of Quantitative Research at


    Morgan Stanley

    Humble and Nimble

    When it comes to economic data releases, there are surprises and


    then there are shockers. Last Friday’s US employment report
    was clearly in the latter category. Versus the consensus
    estimate of 185K based on Bloomberg’s survey of 77 economists,
    the Bureau of Labor Statistics reported that 517K new jobs were
    added during January, about 8.5 standard deviations from the
    average expectation of the survey participants. By any measure,
    that is a huge difference between expectations and reality.

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    1 of 1 2023-02-12, 9:46 p.m.

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