Stock Market Outlook: 3 Main Risks to Trump Trade, Morgan Stanley Says

• Trump’s election win has sent the US stock market to fresh highs.
• Morgan Stanley says three risks could upend the ongoing Trump trade.
• The firm says investors should be closely monitoring bond yields and the US dollar.

Equity investors have embraced Donald Trump’s return to the White House, but the post-election rally isn’t entirely risk-free.

So far, US indexes have hit new highs as investors look ahead to what Trump’s promised policies mean for earnings growth. But while market momentum remains firmly upward, Morgan Stanley outline