Buy any Moody’s downgrade dip in stocks, says Morgan Stanley’s now-optimistic strategist - MarketWatch
1. Mike Wilson suggests buying the dip post Moody's U.S. credit downgrade. 2. Current equity-return-to-bond-yield correlation is around 0. 3. A breakout above 4.50% in 10-year yield could imply valuation compression. 4. Morgan Stanley predicts higher core PCE inflation starting from May. 5. Recent U.S.-China tariff pause seen as a positive for S&P 500.