Da Ma strategist: Buy American assets but exclude the US dollar

Zhijing Finance APP learned that after credit rating agency Moody's downgraded the credit rating of the United States last week, investors' confidence in US assets further weakened, and "selling US" trades once again became the focus. However, Morgan Stanley expects that the Federal Reserve will cut interest rates in the future, which will support the bond market and boost corporate profits. As a result, the bank has raised its investment recommendations for US stocks and treasuries. As for the US dollar, Morgan Stanley believes that the dollar will continue to weaken.