Morgan Stanley released its latest report on the equity markets, highlighting changing four key elements that have had an impact on the global markets. Key Quotes: “Global markets have withstood all manner of challenges without cracking … All of these have changed Growth and inflation For the last eight years, markets have been supported by the idea that good data would support market normalization and bad data could bring further policy easing. Good and bad were both good. That’s changed. US headline and core inflation have risen sharply since the start of the year Unemployment is back down near historical lows two things have stood out “¦ Investors are now more sanguine “¦ We’re 8 ½ years into an expansion, and many investors finally are finally confident that there is plenty of time left on the clock. China is rarely mentioned as a growth concern (after causing angst for much of this period). Both “¦ suggest a vulnerability to weaker data Second, the change in policy Last year, there was clear policy catalyst (tax) that the market was far from fully pricing. This year, that seems to have been replaced by a clear policy risk (trade) that the market is far from fully pricing. Our economists and US public policy team remain cautious on the current state of trade negotiations. Third, credit markets Last year, nearly every pocket of global credit was strong and stable. This year is very different Finally, market volatility itself Last year … volatility at historically low levels That’s changed “¦ realized volatility is often closer to the middle of the 10-year range.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD to continue to trade defensively in the week ahead – ANZ FX Street 5 years Morgan Stanley released its latest report on the equity markets, highlighting changing four key elements that have had an impact on the global markets. Key Quotes: "Global markets have withstood all manner of challenges without cracking ... All of these have changed Growth and inflation For the last eight years, markets have been supported by the idea that good data would support market normalization and bad data could bring further policy easing. Good and bad were both good. That's changed. US headline and core inflation have risen sharply since the start of the year Unemployment is back down near… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.