See tradable correction in equities: Morgan Stanley

Here are some of expert views on how the equity market is expected to behave in the near term:

Chris Wood, CLSA said that, "Two weeks into the second quarter, it's clear that markets are being driven by growing expectations of more quanto easing rather than anticipating economic recoveries. Japan is clearly leading the way here with BoJ having succeeded in surpassing expectations with its announcements. The sector most geared to monetary reflation and yen deprecation will remain real estate."

Gerard Minack, Morgan Stanley said that, "For a fourth year, macro disappointment could cause a tradable correction in equities. Markets outside the US have already, in aggregate, stalled. US macro weakness could put pressure on Wall Street. However, this may only be a tactical setback and it's unlikely there will be a major strategic reversal this year for US equities."