Morgan Stanley’s done better than most forecasting markets during this turbulent year. Here’s what it says is coming next.

Wall Street analysts are the types who get to the airport with hours to spare. Year-ahead previews come in before Thanksgiving, so it can’t be too huge a surprise that Morgan Stanley has released its mid-year outlook just 11 days into May.

Not that anyone has seen what 2022 had in store — the worst bond market performance in decades, a surge in commodities, a war in Ukraine — but Morgan Stanley’s outlook was closer to the mark than most, certainly better than…

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