A steep plunge in the dollar is a reason to stay bullish on stocks, Morgan Stanley's CIO says

VCG/VCG via Getty Images

• The dollar's sharp decline could help US stocks outperform, analyst Michael Wilson wrote.
• The greenback hit a three-year low amid tariff jitters this month.
• Investors should stay invested in quality US large caps, Wilson said.

As Wall Street voices fears over the potential for US assets to lose their edge against international peers, Morgan Stanley says a waning dollar could be the stock market's saving grace.

The bank expects...