Dovish Fed, China stimulus won’t do the trick – Bulls looking for repeat of 2016 stock-market rally will be disappointed: Morgan Stanley
via marketwatch: U.S. stocks continue to rally in the face of steadily falling earnings estimates, leading some market commentators to draw comparisons to 2016, when equity markets rose amid a corporate earnings recession. That year, the S&P 500 index SPX, +0.37% rose 9.5% after an …