Morgan Stanley says investors are misreading the implications of a possible 'blue wave' election outcome — and provides 2 recommendations for traders preparing for a Biden victory

· Morgan Stanley's Michael Zezas says investors shouldn't get overconfident about the possibility of a divided federal government after the 2020 elections.
· He says full sweeps by either party are more likely than most traders appreciate, and says investors are misreading two key effects of a potential "blue wave" led by...