Thoughts on the Market
1,164 episodes - English - Latest episode: 1 day ago - ★★★★★ - 1.2K ratingsShort, thoughtful and regular takes on recent events in the markets from a variety of perspectives and voices within Morgan Stanley.
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Episodes
Michael Zezas: The Debt Ceiling - Here We Go Again?
July 23, 2021 20:57 - 2 minutes - 2.3 MBThe Congressional debate over raising the “debt ceiling”—the total amount of money that the U.S. is authorized to borrow—has begun again. Should investors be concerned?
Special Episode: So How Healthy Is the U.S. Consumer?
July 22, 2021 22:24 - 10 minutes - 9.66 MBConsumer spending has an outsized impact on U.S. economic growth, representing 70% of the economy. We take a deep dive into savings, spending and the labor market.
Special Encore: Viruses, Variants and Vaccines - What’s Next?
July 21, 2021 22:39 - 9 minutes - 9.05 MBOriginal Release on June 24th, 2021: Although the darkest days of COVID-19 are hopefully behind us, new variants, vaccine distribution issues and uncertainty about winter still remain key issues.
Andrew Sheets: A Closer Look at Yesterday’s Market Drop
July 20, 2021 19:47 - 2 minutes - 2.56 MBA popular read on yesterday’s drop in stocks and bond yields is concern over the COVID Delta variant and global growth. But that analysis may only be part of the story.
Special Episode: Bond Markets React to Delta Variant Worries
July 19, 2021 22:22 - 6 minutes - 6.02 MBOn this special edition of the podcast, we examine the path ahead for fixed income and the dollar amid increased concern over the COVID-19 Delta variant and economic growth.
Andrew Sheets: The Complicated Portrait of Retail Investing
July 16, 2021 16:22 - 3 minutes - 3.23 MBOver the last 18 months, individual investor activity into single stocks has surged. But the bigger story may be the record amount of investment in ETFs.
Jonathan Garner: 4 Concerns to Watch on Asia & EM Equities
July 15, 2021 22:43 - 4 minutes - 3.97 MBAs the year began, there was a high degree of optimism that 2021 could be a great year for Asia & EM equities. But instead, Asian equities have lagged the U.S. and Europe. So what went wrong?
Michael Zezas: The $4 Trillion-Dollar Question
July 14, 2021 22:41 - 2 minutes - 2.02 MBThe U.S. could be gearing up to approve $4 trillion in new spending over the next 10 years. A look at what that could mean for GDP and Treasuries.
Mike Wilson: Are U.S. Equities Markets Hunkering Down?
July 13, 2021 21:43 - 3 minutes - 3.17 MBMajor U.S. indices may be climbing to all-time highs but broader weakness in individual stock prices could be sending investors a signal.
Graham Secker: Is the Best of Europe's Equities Run Behind Us?
July 12, 2021 22:17 - 3 minutes - 3.15 MBAfter performing strongly for much of this year, European stocks have traded sideways over the last month. But a closer look at the data suggests an optimistic outlook.
Andrew Sheets: What's Driving Global Equities Markets?
July 09, 2021 18:25 - 3 minutes - 2.86 MBAlthough a typical explanation for market strength has been the large amount of cash being pushed into markets from central banks and investors, it’s not the whole story.
Michael Zezas: Something Special in the Air for Investors?
July 08, 2021 20:14 - 2 minutes - 2.18 MBLast week, U.S. air travel surpassed 2019 levels. And this recovery in demand may be an important story for both fixed income and equity investors to understand.
Mike Wilson: Reopening Stocks Feel the Pinch
July 07, 2021 22:48 - 3 minutes - 3.35 MBLabor-intensive companies that should benefit from the reopening are feeling the pinch from rising wage costs. With growth stocks likely overbought, where do investors go from here?
Special Episode: The Complex Outlook for U.S. Housing
July 06, 2021 23:53 - 8 minutes - 8.05 MBU.S. home price growth has been on a tear, but will affordability pressures begin weighing on home sales? The answer is a bit complicated.
Andrew Sheets: 2021 - A Look Back, a Look Forward
July 02, 2021 20:34 - 3 minutes - 3.3 MBIt's easy to forget just how different the world looked just six months ago. Does the renewed optimism suggest higher returns or just higher expectations?
Chetan Ahya: Has the Tide Finally Turned on Wage Growth?
July 01, 2021 21:05 - 3 minutes - 3.61 MBUntil recently, wages have been on a forty year decline, driving new calls for policymaker action. A look at the implications for GDP, inflation and income inequality.
Special Episode: U.S. Infrastructure - What’s in the Price?
June 30, 2021 22:13 - 4 minutes - 4.37 MBIs U.S. infrastructure already priced into Treasury yields? The answer may lie with whether investors are accurately gauging the true size of the final package.
Special Episode: The Red-Hot Return of Business Investment
June 29, 2021 21:18 - 8 minutes - 8.21 MBThe robust return of business investment is set to be a key theme for investors. On this episode we examine the bullish outlook for communications equipment and infrastructure.
Mike Wilson: A Growing Economy Leads to New Questions
June 28, 2021 22:08 - 4 minutes - 4.03 MBWith the economic recovery in full bloom, companies and investors may now be faced with new questions around higher materials and labor costs.
Special Episode, Part 2: Viruses, Variants and Vaccines
June 25, 2021 22:26 - 10 minutes - 9.29 MBChief Cross-Asset Strategist Andrew Sheets continues his conversation with Biotech Equity Analyst Matt Harrison on COVID-19 variants and the future of the health care industry.
Special Episode: Viruses, Variants and Vaccines - What’s Next?
June 25, 2021 00:35 - 9 minutes - 9.09 MBAlthough the darkest days of COVID-19 are hopefully behind us, new variants, vaccine distribution issues and uncertainty about winter still remain key issues.
Robin Xing: Is China's Recovery Losing Momentum?
June 23, 2021 22:19 - 3 minutes - 3.65 MBSince last year, China's economic recovery has been strong… but uneven. After a hiccup in the second quarter, will manufacturing and consumers come to the rescue?
Special Episode: The Fed Is Talking Taper… But When?
June 23, 2021 00:06 - 11 minutes - 10.5 MBLast week, the Fed rattled markets by laying the groundwork for tapering its asset purchase program. But is this taper talk? Or just talking about talking about tapering?
Mike Wilson: When Is a “Surprise” Not Surprising?
June 21, 2021 22:52 - 3 minutes - 2.84 MBAlthough the Fed’s surprise hawkish turn in its latest policy decision caught markets off-guard, the monetary tightening process may actually have begun months ago.
Special Encore: The Red Hot Capex Cycle
June 18, 2021 13:00 - 10 minutes - 9.33 MBOriginal release on May 21st, 2021: Consumer spending should drive strong business investment in the months ahead, driving global GDP above its pre-COVID-19 path. But inflation may be a risk to watch.
Andrew Sheets: Markets 2021 - Using Past as Prologue
June 17, 2021 20:38 - 3 minutes - 2.92 MBAlthough investors often look to the past to assess current market conditions (such as a post-pandemic recovery or rising inflation), one year in particular may serve as an interesting guidepost.
Michael Zezas: For Infrastructure, Go Big or Go Bipartisan?
June 16, 2021 21:06 - 3 minutes - 3.22 MBWill negotiations on a U.S. infrastructure deal lead to a bipartisan bill or a Democrats-only bill? The answer matters quite a bit for fixed-income investors.
Graham Secker: European Equities Take a Turn Toward the Micro
June 15, 2021 21:38 - 3 minutes - 3.1 MBOver the past few weeks, European equity flows have been at the highest levels in three years. Could a period of consolidation be ahead?
Mike Wilson: A View from the Peak?
June 14, 2021 22:24 - 3 minutes - 3.31 MBWhile the outlook for growth and inflation looks strong through next year, both may disappoint lofty investor expectations—and bring consequences for some stock sectors.
Andrew Sheets: Markets Shrug at “High” Inflation
June 11, 2021 18:30 - 3 minutes - 3.4 MBThis month’s U.S. consumer price inflation data showed a 5% rise versus a year ago, yet markets seemed unconcerned. A look at why markets could be looking past rising inflation readings.
Reza Moghadam: What Happens When the Euro Goes Digital?
June 10, 2021 22:11 - 4 minutes - 3.99 MBThe European Central Bank may soon announce the trial launch of a digital euro. Reza Moghadam, Morgan Stanley's Chief Economic Advisor, digs into potential risks and innovations.
Michael Zezas: Preparing to Disconnect
June 10, 2021 01:44 - 2 minutes - 2.61 MBWith tensions not abating, investors should prepare for a world where these major economies are significantly less integrated. Michael Zezas explains.
Special Episode: What to Do When Everything is Rich
June 08, 2021 23:43 - 9 minutes - 9.01 MBChief Cross-Asset Strategist Andrew Sheets and Head of Fixed Income Strategy Vishy Tirupattur cover a key topic on the minds of many investors: where to invest now? Mortgage Backed Securities (MBS) and Collateralized Mortgage Obligations (CMO) Principal is returned on a monthly basis over the life of the security. Principal prepayment can significantly affect the monthly income stream and the maturity of any type of MBS, including standard MBS, CMOs and Lottery Bonds. Yields and a...
Mike Wilson: More Data Doesn’t Always Mean More Certainty
June 08, 2021 01:19 - 2 minutes - 2.68 MBNew macro data on employment and consumer prices are unlikely to settle market uncertainties about inflation and course of the recovery. Mike Wilson explains.
Andrew Sheets: The Fed’s Fascinating Dilemma
June 05, 2021 01:25 - 3 minutes - 3.51 MBThe pillars that have supported extraordinary action by the Federal Reserve are now starting to shift. That means support could be withdrawn. The question is, when?
Mid-Year Commodities Outlook: Risks Ahead?
June 03, 2021 22:26 - 9 minutes - 8.38 MBCommodities prices have seen big moves over the last several months, but could a potentially stronger dollar and the mechanics of supply and demand cool the rally?
Michael Zezas: The Simmering U.S./China Rivalry
June 02, 2021 21:52 - 2 minutes - 2.32 MBAlthough the Biden administration has been slightly less vocal with respect to China, investors shouldn’t sleep on the possibly of renewed U.S.-China tensions.
Shawn Kim: Inside China’s Push to Shape Tech’s Future
June 01, 2021 22:08 - 4 minutes - 3.91 MBWhy China’s ambitious blueprint to shape tech standards may have significant impact on the future of tech. Insight from Shawn Kim, Head of Asia Technology Research.
2021 Mid-Year U.S. Economic Outlook: Growth Remains Strong
May 28, 2021 02:17 - 10 minutes - 9.9 MBDespite some inflation and labor market risks, the outlook for the rest of the year anticipates strong growth in the U.S. economy. Chief U.S. Economist Ellen Zentner discusses with Andrew Sheets.
Michael Zezas: Will Inflation Take the Wind Out of Infrastructure?
May 26, 2021 20:19 - 2 minutes - 2.44 MBConcern has been rising that potentially higher inflation could make Congress lose its nerve on a multi-trillion dollar "Build Back Better" plan. Here’s our analysis.
Special Episode: Check Out the Big Changes in Food Retail
May 25, 2021 21:50 - 6 minutes - 5.51 MBWhere and how consumers buy their groceries may be forever changed post-pandemic. We deliver some key takeaways on the food retail industry.
Mike Wilson: A Unique View on U.S. Equities
May 24, 2021 22:42 - 4 minutes - 3.81 MBFresh off of last week’s mid-year outlook, Chief Investment Officer Mike Wilson details investor reaction to some of the more out-of-consensus views.
Mid-Year Economic Outlook: The Red Hot Capex Cycle
May 21, 2021 22:07 - 10 minutes - 9.22 MBConsumer spending should drive strong business investment in the months ahead, driving global GDP above its pre-COVID-19 path. But inflation may be a risk to watch.
Andrew Sheets: The Complications of Strong Economic Winds
May 20, 2021 22:32 - 3 minutes - 3.62 MBWhile robust global growth is a positive for markets, it may also bring higher prices, tighter policy and higher interest rates. A look at some possible twists and turns ahead.
Michael Zezas: What if Infrastructure Doesn’t Pass?
May 19, 2021 22:26 - 2 minutes - 2.21 MBAll indications suggest that Congress is serious about passing an infrastructure bill, but here’s why investors may want to consider all possible outcomes.
Graham Secker: European Equities Mid-Year
May 18, 2021 20:52 - 3 minutes - 3.37 MBGraham Secker, Head of Morgan Stanley's European and UK equity strategy team, shares why Europe may be set to outperform global equity markets this year.
Mike Wilson: Mid-Year U.S. Equities Outlook - Be Selective
May 17, 2021 20:43 - 3 minutes - 3.56 MBChief Investment Officer Mike Wilson explains why sector and style preferences—along with selective stock picking—may be the key to success for the rest of 2021.
Andrew Sheets: Inflation - Is It Here to Stay?
May 14, 2021 21:36 - 3 minutes - 3.49 MBThe debate over inflation was center stage this week and although the current environment is a far cry from the 1970s, rising prices could mean complications for both companies and central banks.
Special Episode: How Worrying Are Global Supply Chain Issues?
May 13, 2021 21:59 - 10 minutes - 9.4 MBLabor shortages and inventory constraints are weighing on U.S. manufacturing and shipping. How severe could the impact be to U.S. GDP and multi-industry revenues?
Michael Zezas: The Bumpy Road Ahead for U.S. Infrastructure
May 12, 2021 18:59 - 2 minutes - 2.38 MBDiffering U.S. infrastructure policy approaches highlight the ongoing difficulties of bipartisanship in Washington. Here’s one possible outcome.