Thoughts on the Market
1,164 episodes - English - Latest episode: about 21 hours ago - ★★★★★ - 1.2K ratingsShort, thoughtful and regular takes on recent events in the markets from a variety of perspectives and voices within Morgan Stanley.
Homepage Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Episodes
Why We Believe the Fed Will – and Should – Cut Rates Soon
July 12, 2024 21:00 - 3 minutes - 3.04 MBOur Head of Corporate Credit Research explains why he expects the US Federal Reserve to make three rate cuts before the end of the year, starting in September. ----- Transcript ----- Welcome to Thoughts on the Market. I'm Andrew Sheets, head of Corporate Credit Research at Morgan Stanley. Along with my colleagues bringing you a variety of perspectives, today I'll be talking about why it's looking more likely that the Fed should, and will, cut interests rates several times this yea...
Business Travelers Pack Their Bags
July 11, 2024 21:00 - 3 minutes - 3.07 MBOur Freight Transportation & Airlines Analyst discusses the key takeaways from his mid-year corporate travel survey, which includes a number of positive trends for the second half of 2024. ----- Transcript ----- Welcome to Thoughts on the Market. I’m Ravi Shanker, Morgan Stanley’s Freight Transportation and Airlines analyst. Along with my colleagues bringing you a variety of perspectives, today I’ll discuss my expectations for corporate travel in the second half of this year. It...
Less Impact Than You Might Think
July 10, 2024 23:32 - 6 minutes - 5.89 MBU.S., French and Indian elections may have a minimal effect on equity markets, particularly in the short term, according to our Global Head of Fixed Income and our Chief Global Cross Asset Strategist. ----- Transcript ----- Michael Zezas: Welcome to Thoughts on the Market. I'm Michael Zezas, Morgan Stanley's Global Head of Fixed Income and Thematic Research. Serena Tang: And I'm Serena Tang, chief Global Cross Asset Strategist, Michael Zezas: And on this episode of the podcast, ...
U.S. Housing: What Will Slow Home Price Growth?
July 09, 2024 22:13 - 6 minutes - 6.34 MBRecord-high prices remain a key concern for buyers in the U.S. housing market. Our Co-Heads of Securitized Product Research dig into the data, explaining why they still believe a deceleration in home price growth will come. ----- Transcript ----- Jay Bacow: Welcome to Thoughts on the Market. I'm Jay Bacow, co-head of Securitized Products Research at Morgan Stanley. James Egan: And I'm Jim Egan, the other co-head of Securitized Products Research at Morgan Stanley. It's Tuesday, Ju...
2024 US Elections: The Impact of Inflation
July 08, 2024 23:12 - 4 minutes - 3.7 MBInflation continues to be a key issue for voters in elections around the world. Our CIO and Chief US Equity strategist explains its potential influence on the upcoming US presidential election, and how investors may react to potential outcomes of this race. ----- Transcript ----- Welcome to Thoughts on the Market. I'm Mike Wilson, Morgan Stanley’s CIO and Chief US Equity Strategist. Along with my colleagues bringing you a variety of perspectives, today I'll be talking about the co...
Special Encore: A Sobering View on the Spirits Sector
July 05, 2024 18:00 - 4 minutes - 3.78 MBMarkets are suggesting that spirits consumption will return to historical growth levels post-pandemic, but our Head of European Consumer Staples Research disagrees. ----- Transcript ----- Welcome to Thoughts on the Market. I’m Sarah Simon, Head of the European Consumer Staples team. Along with my colleagues bringing you a variety of perspectives, today I'll talk about a surprising trend in the global spirits market. It's Monday, April 15, at 2pm in London. We all remember vivid...
Why Central Banks Still Get It Wrong Sometimes
July 03, 2024 21:12 - 3 minutes - 3.05 MBCentral banks play a crucial role in monetary policy and moderating the business cycle. Our Head of Corporate Credit Research explains why, despite their power, these financial institutions can’t quickly steer through choppy economic waters. ----- Transcript ----- Welcome to Thoughts on the Market. I'm Andrew Sheets, head of Corporate Credit Research at Morgan Stanley. Along with my colleagues bringing you a variety of perspectives, today I'll be talking about why credit may start...
Investors Eye Reactions to US Presidential Debate
July 02, 2024 21:26 - 3 minutes - 3.08 MBOur Global Head of Fixed Income recaps the aftermath of the first U.S. presidential debate, and how markets may react if forthcoming poll data shows a meaningful shift in the race. ----- Transcript ----- Welcome to Thoughts on the Market. I'm Michael Zezas, Morgan Stanley's Global Head of Fixed Income and Thematic Research. Along with my colleagues bringing you a variety of perspectives, today I'll be talking about the US elections and its impact on markets. It's Tuesday, July 2n...
Housing Update: Home Prices Unlikely to Decline
July 01, 2024 21:34 - 4 minutes - 3.81 MBRising rents and mortgage payments have been at the center of the inflation discussion. Our Global Chief Economist assesses whether monetary policy can effectively blunt those figures. ----- Transcript ----- Seth Carpenter: Welcome to Thoughts on the Market. I'm Seth Carpenter, Morgan Stanley's Global Chief Economist. Along with my colleagues bringing you a variety of perspectives, today I'll be talking about the housing market, inflation, growth and monetary policy. It's Monda...
Why Good Data Is Good For Markets
June 28, 2024 21:07 - 3 minutes - 3.3 MBOur Head of Corporate Credit Research makes the case against the popular notion that solid economic data would be bad for markets, and instead offers a rationale for why now, more than ever, is the time for investors to root for positive economic developments. ----- Transcript ----- Welcome to Thoughts on the Market. I'm Andrew Sheets, Head of Corporate Credit Research at Morgan Stanley. Along with my colleagues bringing you a variety of perspectives, today I'll be talking about...
Introducing: What Should I Do With My Money Season 2
June 28, 2024 16:57 - 3 minutes - 2.97 MBIf you're a listener to Thoughts on the Market you may be interested in Season 2 of our podcast: What Should I Do With My Money? ---------------- Money is emotional and that can make it difficult to know if we’re making the right decisions. This season, the stakes are high. From prenups to passing a legacy to their children, from affording a dream home to literally wanting to save the planet, our guests get to the heart of what matters to them most and you get answers to some of ...
Funding the AI Revolution
June 27, 2024 21:00 - 4 minutes - 3.74 MBAs the infrastructure needs for artificial intelligence soar, so does the need for financing. Our Chief Fixed Income Strategist talks about the role credit markets can play in providing capital to power the sector. ----- Transcript ----- Welcome to Thoughts on the Market. I am Vishy Tirupattur, Morgan Stanley’s Chief Fixed Income Strategist. Along with my colleagues bringing you a variety of perspectives, today I'll be talking about the role of credit markets in the artificial int...
Fiscal Sustainability and the French and US Elections
June 26, 2024 22:05 - 3 minutes - 3.54 MBOur Global Chief Economist explains why markets are concerned about uncertainty around the French and US elections, and how their outcomes may affect each economy’s debt load. ---- Transcript ----- Seth Carpenter: Welcome to Thoughts on the Market. I'm Seth Carpenter, Morgan Stanley's Global Chief Economist. Along with my colleagues bringing you a variety of perspectives, today I'll be talking about elections, and what they might mean for fiscal sustainability. It's Wednesday, Ju...
Navigating the Narrow Stock Market
June 25, 2024 21:00 - 4 minutes - 4.23 MBOur CIO and Chief US Equity Strategist explains how to make sense of the equity market’s narrow performance, and why stock picking takes on greater importance for investors. ----- Transcript ----- Welcome to Thoughts on the Market. I'm Mike Wilson, Morgan Stanley’s CIO and Chief US Equity Strategist. Along with my colleagues bringing you a variety of perspectives, today I'll be talking about the narrowness in breadth and why that supports our preference for high quality and defens...
Economics Roundtable: Global Elections in Focus
June 24, 2024 22:17 - 9 minutes - 8.57 MBHalfway through a historic year for elections around the world, Morgan Stanley’s chief economists assess the impact of recent results on the global economy, and weigh potential effects from key elections to come. ----- Transcript ----- Seth Carpenter: Welcome to Thoughts on the Market, and welcome back to the second part of a special two-part episode of the podcast. We've been covering Morgan Stanley's global economic outlook as we look into the third quarter of 2024. In the first...
Economics Roundtable: Investors Eye Central Banks
June 21, 2024 22:00 - 12 minutes - 11.2 MBMorgan Stanley’s chief economists examine the varied responses of global central banks to noisy inflation data in their quarterly roundtable discussion. ----- Transcript ----- Seth Carpenter: Welcome to Thoughts on the Market. I'm Seth Carpenter, Morgan Stanley's global chief economist. We have a special two-part episode of the podcast where we'll cover Morgan Stanley's global economic outlook as we look into the third quarter of 2024. It's Friday, June 21st at 10am in New York. ...
Volatility Doesn’t Necessarily Rock the Boat
June 20, 2024 21:00 - 3 minutes - 3.31 MBOur head of corporate credit research dives into the question of correlation and market volatility, and explains why stock indices can remain stable despite a certain level of turmoil, as we have seen recently in Europe. ----- Transcript ----- Welcome to Thoughts on the Market. I'm Andrew Sheets, head of Corporate Credit Research at Morgan Stanley. Along with my colleagues bringing you a variety of perspectives, today I'll be talking about correlations, and why they are currently ...
Investment Discipline In An Election Year
June 18, 2024 21:49 - 3 minutes - 2.85 MBInvestors watching for market reactions would do well to stick to their existing plans in an environment where the economic impacts of any particular US election outcome remains unclear. Our Global Head of Fixed Income and Thematic Research explains. ----- Transcript ----- Welcome to Thoughts on the Market. I'm Michael Zezas, Morgan Stanley's Global Head of Fixed Income and Thematic Research. Along with my colleagues bringing you a variety of perspectives, today I'll be talking ab...
Tracking the Rebound in Tech IPOs
June 17, 2024 20:48 - 9 minutes - 8.55 MBThe AI revolution has helped fuel the tech IPO sector’s resurgence following a two-year lull. Our Co-Heads of Technology Equity Capital Markets join our Global Head of Fixed Income and Thematic Research to discuss the sustainability of this trend. ----- Transcript ----- Michael Zezas: Welcome to Thoughts on the Market. I'm Michael Zezas, Global Head of Fixed Income and Thematic Research for Morgan Stanley. Diana Doyle: I am Diana Doyle, Managing Director and Co-Head of Technolog...
This Is Still India’s Decade
June 14, 2024 21:00 - 3 minutes - 3.62 MBOur Head of India Research and Chief India Equity Strategist lays out his bullish post-election view on India, explaining why the market is likely to drive a fifth of global growth in the coming decade. ----- Transcript ----- Welcome to Thoughts on the Market. I’m Ridham Desai, Morgan Stanley’s Head of India Research and Chief India Equity Strategist. Along with my colleagues bringing you a variety of perspectives, today I’ll discuss our take on India’s election results and why we...
Cautious Corporate Boards Extend the Credit Cycle
June 13, 2024 22:48 - 3 minutes - 3.16 MBA strong economy and global stock market surge may suggest market euphoria. However, our Head of Corporate Credit Research explains why the corporate sector caution is, in fact, a good sign. ----- Transcript ----- Welcome to Thoughts on the Market. I'm Andrew Sheets, head of Corporate Credit Research at Morgan Stanley. Along with my colleagues bringing you a variety of perspectives, today I'll be talking about the surprising lack of confidence in corporate boardrooms, and why it c...
Convenience Is Compelling
June 12, 2024 21:09 - 4 minutes - 3.69 MBOur US Thematic Strategist explains the premium that consumers will pay for convenience, and what that means for sectors including online retail, dining and package delivery. ----- Transcript ----- Welcome to Thoughts on the Market. I’m Michelle Weaver, Morgan Stanley’s US Thematic Strategist. Along with my colleagues bringing you a variety of perspectives, today I’ll talk about convenience and why it’s such an important factor for a number of industries. It’s Wednesday, June 1...
Presidential Elections Aren’t the Only Important Ones
June 11, 2024 21:57 - 4 minutes - 3.87 MBOur Global Chief Economist takes stock of recent elections in India, Mexico and South Africa -- and what they suggest about the market implications of the upcoming UK and US elections. ----- Transcript ----- Carpenter: Welcome to Thoughts on the Market. I'm Seth Carpenter, Morgan Stanley's Global Chief Economist. Along with my colleagues bringing you a variety of perspectives, today I'll be talking about recent elections and upcoming elections and what they mean for the economy. ...
Investors Riding an Unpredictable Wave
June 10, 2024 21:16 - 3 minutes - 3.45 MBOur CIO and Chief U.S. Equity Strategist explains why economic fluctuations have made it more difficult to project a possible soft or no landing outcome, and how investors can navigate this continuing market volatility. ----- Transcript ----- Welcome to Thoughts on the Market. I'm Mike Wilson, Morgan Stanley’s CIO and Chief U.S. Equity Strategist. Along with my colleagues bringing you a variety of perspectives, today I'll be talking about the continued uncertainty in economic data...
What Global Elections Mean for Markets
June 07, 2024 21:00 - 3 minutes - 3.45 MBOur Global Head of Emerging Markets Sovereign Credit reviews key insights and strategies for investors following the recent elections in Mexico, South Africa and India. ----- Transcript ----- Welcome to Thoughts on the Market. I’m Simon Waever, Morgan Stanley’s Global Head of EM Sovereign Credit and Latin America Fixed Income Strategy. Along with my colleagues bringing you a variety of perspectives, today I’ll discuss the far-reaching impact of emerging market elections on global ...
Inside Japan’s Economic Transformation
June 06, 2024 23:23 - 7 minutes - 6.73 MBOur four-person panel explains Japan’s economic boom, from growing GDP to corporate sector vibrancy, and which upward trends will sustain. ----- Transcript ----- Chetan Ahya: Welcome to Thoughts on the Market. I'm Chetan Ahya, Morgan Stanley's Chief Asia Economist. Japan is undergoing a once in a generation transformation. A country once associated with its lost decades is now seeing multi-decade highs for nominal GDP growth and equity indices. On this special episode of the pod...
Special Encore: The Curious Connection Between Airlines and Fashion
June 05, 2024 22:32 - 10 minutes - 9.24 MBOriginal Release on April 29, 2024: Our analysts find that despite the obvious differences between retail fashion and airlines, struggling brands in both industries can use a similar playbook for a turnaround. ----- Transcript ----- Ravi Shanker: Welcome to Thoughts on the Market. I'm Ravi Shanker, Morgan Stanley's North American Freight Transportation and Airlines Analyst. Alex Straton: And I'm Alex Straton, Morgan Stanley's North America Softlines, Retail and Brands Analyst. R...
Spirited Debates Around Our Midyear Outlooks
June 04, 2024 21:10 - 3 minutes - 3.63 MBOur Chief Fixed Income Strategist takes listeners behind the curtain on Morgan Stanley’s expectations for markets over the next 12 months. ----- Transcript ----- Welcome to Thoughts on the Market. I am Vishy Tirupathur, Morgan Stanley's Chief Fixed Income Strategist. Along with my colleagues bringing you a variety of perspectives, today I'll be talking about the key debates we engaged in during the mid-year outlook process. It's Tuesday, June 4th at 1pm in New York. Over the las...
Why an ‘Everything Rally’ Is Still Possible
June 03, 2024 21:57 - 3 minutes - 3.29 MBOur Chief Cross-Asset Strategist explains why the high correlation between stocks and bonds could work in investors’ favor throughout the second half of this year. ----- Transcript ----- Welcome to Thoughts on the Market. I’m Serena Tang, Morgan Stanley’s Chief Cross-Asset Strategist. Along with my colleagues bringing you a variety of perspectives, today I’ll discuss why we believe bonds and equities can both rally this year, with the still-elevated correlations between the two as...
Why TMT Bonds Are Underperforming
May 31, 2024 22:01 - 8 minutes - 7.93 MBIn a generally positive environment for corporate credit, the recent performance of high-yield bonds in the telecom, media and technology (TMT) sector offers a market contrast. Our Lead Analyst for High-Yield TMT joins our Head of Corporate Credit Research to explain the divergence. ----- Transcript ----- Andrew Sheets: Welcome to Thoughts on the Market. I'm Andrew Sheets, Head of Corporate Credit Research for Morgan Stanley. David Hamburger: And I'm David Hamburger, Head of US S...
European Economic Outlook: Decidedly More Optimistic
May 30, 2024 21:47 - 3 minutes - 3.35 MBOur Chief Europe Economist explains why the region’s outlook over the next year is trending upward, including how higher growth will lead to lower interest rates this cycle. ----- Transcript ----- Welcome to Thoughts on the Market. I’m Jens Eisenschmidt, Morgan Stanley’s Chief Europe Economist. Along with my colleagues bringing you a variety of perspectives, today I will discuss our outlook for Europe’s economy in the second half of 2024 and into next year. It’s Thursday, May 30...
Global Questions About the US Elections
May 29, 2024 20:59 - 2 minutes - 1.91 MBOur Global Head of Fixed Income and Thematic Research reflects on Japanese investors’ interest in the outcome of the upcoming presidential vote in the US. ----- Transcript ----- Welcome to Thoughts on the Market. I'm Michael Zezas, Morgan Stanley's Global Head of Fixed Income and Thematic Research. Along with my colleagues bringing you a variety of perspectives, today I'll be talking about the upcoming US elections. It's Wednesday, May 29th at 10:30am in New York. I recently ret...
Midyear European Equities Outlook: In the Sweet Spot
May 28, 2024 21:38 - 3 minutes - 3.16 MBOur Chief Europe Equity Strategist explains why she is forecasting a 23 percent total return for European equities over the next year. ----- Transcript ----- Welcome to Thoughts on the Market. I’m Marina Zavolock, Morgan Stanley’s Chief European Equity Strategist. Along with my colleagues bringing you a variety of perspectives, today I’ll discuss why our mid-year outlook extends our bullish view on European equities. It’s Tuesday, May 28, at 10am in London. We have recentl...
Midyear Credit Outlook Favors Moderation
May 24, 2024 21:21 - 3 minutes - 2.87 MBOur Head of Corporate Credit Research explains why moderate economic growth offers opportunities in credit markets – if investors choose carefully. ----- Transcript ----- Welcome to Thoughts on the Market. I'm Andrew Sheets, Head of Corporate Credit Research at Morgan Stanley, along with my colleagues, bring you a variety of perspectives Today, I'll be talking about our outlook for credit markets over the next 12 months. It's Friday, May 24th, at 9 a. m. in New York. Morgan Stanl...
Midyear Housing Outlook: Is Home Sale Activity Picking Up?
May 23, 2024 20:00 - 6 minutes - 6.31 MBWith cooling inflation and an expected drop for mortgage rates, will more affordable housing lead to a big spike in sales? Our Co-Heads of Securitized Product Research take stock of the US housing market. ----- Transcript ----- Jay Bacow: Welcome to Thoughts on the Market. I'm Jay Bacow, co-head of Securitized Products Research at Morgan Stanley. James Egan: And I'm Jim Egan, the other co-head of Securitized Products Research at Morgan Stanley. Jay Bacow: And on this episode of...
Midyear US Economic Outlook: Continued Resilience
May 22, 2024 18:23 - 3 minutes - 3.56 MBWhy is the US economy poised for a strong second half of the year, despite slowing GDP growth? Our Chief US Economist points to population growth, housing demand and anticipated Fed rate cuts. ----- Transcript ----- Ellen Zentner: Welcome to Thoughts on the Market. I'm Ellen Zentner, Morgan Stanley's Chief US Economist. Along with my colleagues bringing you a variety of perspectives, today I'll discuss our mid-year outlook for the US economy. As we near the midpoint of this yea...
Midyear Cross-Asset Outlook: Bullish Possibilities
May 21, 2024 21:49 - 9 minutes - 8.33 MBOur Global Cross-Asset Strategist and Global Chief Economist discuss the state of asset markets at the midway point of 2024, and why the current backdrop suggests positive directions for several key markets. ----- Transcript ----- Seth Carpenter: Welcome to Thoughts on the Market. I'm Seth Carpenter, Morgan Stanley's Global Chief Economist. Serena Tang: And I'm Serena Tang, Morgan Stanley's Chief Global Cross Asset Strategist. Seth Carpenter: And yesterday, Serena, you and I dis...
Midyear Economic Outlook: Reasons for Optimism
May 20, 2024 22:21 - 6 minutes - 6.24 MBOur Global Chief Economist and Global Cross-Asset Strategist discuss the state of the global economy at the midpoint of 2024, including how the U.S. and Europe are on growth trajectories despite volatile economic data. ----- Transcript ----- Serena Tang: Welcome to Thoughts on the Market. I'm Serena Tang, Morgan Stanley's chief global cross-asset strategist. Seth Carpenter: And I’m Seth Carpenter. Morgan Stanley's global chief economist. Serena Tang: And on this two-part episode...
Seeking Better Value in Emerging Market Debt
May 17, 2024 18:02 - 3 minutes - 3.53 MBOur Head of Corporate Credit Research explains why the debt of high-rated EM countries is a viable alternative for investors looking for high yields with longer duration. ----- Transcript ----- Welcome to Thoughts on the Market. I'm Andrew Sheets, head of Corporate Credit Research at Morgan Stanley. Along with my colleagues bringing you a variety of perspectives, today I'll be talking about why – for buyers of investment grade bonds – we see better value in Emerging Markets. It'...
Get Ready for a Summer Travel Boom
May 16, 2024 21:07 - 3 minutes - 3.53 MBOur research shows travelers are willing to spend more this summer than last. U.S. Thematic Strategist Michelle Weaver explains how this will impact the airline, cruise and lodging industries. ----- Transcript ----- Welcome to Thoughts on the Market. I’m Michelle Weaver, Morgan Stanley’s US Thematic Strategist. Along with my colleagues bringing you a variety of perspectives, today I’ll talk about the summer travel trends we’re expecting to see this year. It’s Thursday, May 16th...
The Narrow Scope of US Tariffs on China
May 15, 2024 21:44 - 2 minutes - 2.71 MBOur Global Head of Fixed Income and Thematic Research explains that the Biden administration’s new tariffs on Chinese imports are narrower than those of 2018 and 2019, but still send a signal about the economic relationship between the US and China. ----- Transcript ----- Welcome to Thoughts on the Market. I'm Michael Zezas, Morgan Stanley's Global Head of Fixed Income and Thematic Research. Along with my colleagues bringing you a variety of perspectives, today I'll be talking abo...
Lessons from Retail Success Stories
May 14, 2024 22:38 - 4 minutes - 3.77 MBOur Retail Analyst discusses the key strategies that have propelled a select few companies in U.S. consumer retail amid a challenging demand backdrop. ----- Transcript ----- Welcome to Thoughts on the Market. I’m Simeon Gutman, Morgan Stanley’s Hardlines, Broadlines & Food Retail Analyst. Along with my colleagues bringing you a variety of perspectives, today I’ll discuss how some retail businesses are responding to daunting consumer challenges. It’s Tuesday, May 14th at 10am in...
Spring IMF Meetings Spark Cautious Optimism
May 13, 2024 21:15 - 7 minutes - 6.78 MBOur experts highlight their biggest takeaways from the International Monetary Fund’s recent meetings, including which markets around the globe are on an upward trajectory. ----- Transcript ----- Simon Waever: Welcome to Thoughts on the Market. I'm Simon Waever, Morgan Stanley's Global Head of Emerging Markets, Sovereign Credit and Latin America Fixed income strategy. Neville Mandimika: And I'm Neville Mandimika from the Emerging Markets Credit Strategy team with a focus on Centr...
How Mexico’s Elections Could Change Global Markets
May 10, 2024 17:46 - 3 minutes - 2.84 MBMorgan Stanley’s Chief Latin America Strategist explains the importance of Mexico’s upcoming presidential election, laying out the possible investment implications of potential policy reforms. ----- Transcript ----- Welcome to Thoughts on the Market. I’m Nik Lippman, Morgan Stanley’s Chief Latin America Strategist. Along with my colleagues bringing you a variety of perspectives, today I'll talk about why Mexico’s upcoming election matters for markets. It's Friday, May 10, at 10a...
The Fed Sends a Clear Message
May 09, 2024 19:01 - 3 minutes - 3.44 MBOur Chief Fixed Income Strategist explains why the Federal Reserve’s most recent meeting was so consequential, and the likeliest path ahead for interest rates. ----- Transcript ----- Welcome to Thoughts on the Market. I am Vishy Tirupattur, Morgan Stanley’s Chief Fixed Income Strategist. Along with my colleagues bringing you a variety of perspectives, I'll be talking about last week’s FOMC meeting and its impact on fixed income markets. It's Thursday, May 9th at 1pm in New York...
Can U.S. Dollar Dominance Continue?
May 08, 2024 21:36 - 7 minutes - 6.72 MBOur expert panel explains the U.S. dollar’s current status as the primary global reserve currency and whether the euro and renminbi, or even crypto currencies are positioned to take over that role. Digital assets, sometimes known as cryptocurrency, are a digital representation of a value that function as a medium of exchange, a unit of account, or a store of value, but generally do not have legal tender status. Digital assets have no intrinsic value and there is no investment under...
Managing for Economic Uncertainty
May 07, 2024 22:03 - 3 minutes - 3.25 MBAs the U.S. economy continues to send mixed signals, our CIO and Chief US Equity Strategist explains how markets are likely to oscillate between “soft landing” and “no landing” outcomes. ----- Transcript ----- Welcome to Thoughts on the Market. I'm Mike Wilson, Morgan Stanley’s CIO and Chief US Equity Strategist. Along with my colleagues bringing you a variety of perspectives, today I'll be talking about the higher-than-normal uncertainty in economic data and its impact on market...
What If Rates Are Higher for Longer?
May 06, 2024 22:15 - 8 minutes - 8.24 MBLisa Shalett is a member of Morgan Stanley’s Wealth Management Division and is not a member of Morgan Stanley’s Research Department. Unless otherwise indicated, her views are her own and may differ from the views of the Morgan Stanley Research Department and from the views of others within Morgan Stanley. Our CIO for Wealth Management, Lisa Shalett, and our Head of Corporate Credit Research continue their discussion of the impact of interest rates on different asset classes, the...
Separating the Cyclical from the Systemic
May 03, 2024 21:04 - 8 minutes - 8.01 MBLisa Shalett, our CIO for Wealth Management, and our Head of Corporate Credit Research discuss how to forecast expected returns over the long term, and whether historic cycles can help make sense of the market environment today. ----- Transcript ----- Andrew Sheets: Welcome to Thoughts on the Market. I'm Andrew Sheets, Head of Corporate Credit Research at Morgan Stanley. Lisa Shalett: And I'm Lisa Shalett, Chief Investment Officer for Morgan Stanley Wealth Management. Andrew ...
Special Encore: Seth Carpenter: Looking Back for the Future
May 03, 2024 00:21 - 4 minutes - 4.26 MBOur Global Chief Economist explains why the rapid hikes, pause and pivot of the current interest rate cycle are reminiscent of the 1990s. ----- Transcript ----- Welcome to Thoughts on the Market. I'm Seth Carpenter, Morgan Stanley's Global Chief Economist. Along with my colleagues bringing you a variety of perspectives, today I'll be talking about the current interest rate cycle and the parallels we can draw from the 1990s. It's Monday, April 8th, at 10am in New York. Last year,...