Morgan Stanley says US economy is on fire, the recession … ‘its over’

A snippet from a MS Sunday client note

Morgan Stanley cite:
  • the current speed of the vaccination rollout
  • new fiscal stimulus still to come (check this out: US Senate passes $1.9 trillion stimulus bill)
  • imminent spring weather
And say:
  • it’s difficult not to imagine an economy that’s on fire later this year
  • and long story short is the recession is effectively over
Bond markets have been saying this for weeks, yep.