Here’s why Morgan Stanley says the record-high ASX 200 has more room to run

The S&P/ASX 200 Index (ASX: XJO) had a scorcher of a day, rising 1.76% at one point to hit a new all-time record of 8,446.4 points in afternoon trading on Tuesday.

At market close, the index was 8,374 points, up 0.89%.

Top broker Morgan Stanley thinks the benchmark…