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
Mike Wilson: Positioning for Higher Interest Rates
March 01, 2021 23:02 - 2 minutes - 2.57 MBWhich sectors could benefit from an era of rising inflation and higher interest rates? Chief Investment Officer Mike Wilson shares the outlook for investors.
Andrew Sheets: ‘Buy Low, Sell High’ May (Finally) Apply Again
February 26, 2021 20:35 - 2 minutes - 2.43 MBSome traditional market aphorisms seem to have been in abeyance, but with bond yields rising, the old rules are starting to apply again.
Special Episode: The Texas Grid and the Future of Energy
February 25, 2021 22:18 - 10 minutes - 9.58 MBWhat really happened during the Texas grid crisis and what does it say about the transition to clean energy and the future of utilities in America?
Michael Zezas: A Reset for U.S.-Mexico Trade?
February 24, 2021 22:00 - 2 minutes - 2.28 MBAlthough markets appear more confident that U.S-Mexico trade tensions are largely in the past, investors shouldn't discount potential risks.
Ben Swinburne: Media Eyes the Great Reopening
February 23, 2021 22:02 - 3 minutes - 3.54 MBMedia and entertainment had a tricky 2020 with lockdowns pulling forward years of growth for some companies—and challenges to others. So, what happens now?
Mike Wilson: An Eye on Bull Market Surprises
February 22, 2021 22:07 - 3 minutes - 2.98 MBU.S. equities markets have continued to perform well, fueled by upbeat earnings and vaccination news. However, that’s often when surprises arise.
Andrew Sheets: The Risk of Rising Rates
February 19, 2021 22:43 - 2 minutes - 2.47 MBWhether the anticipated fiscal stimulus in the U.S. will be enough to push the economy into inflationary territory, and if we should be concerned about it, is a matter of much debate. Chief Cross-Asset Strategist Andrew Sheets discusses.
Special Episode: Europe’s Economic Scarring Post-Pandemic
February 18, 2021 22:39 - 10 minutes - 9.95 MBRecessions can create long-term scars on labor, investment and the pace of innovation. Is Europe more prepared to lessen COVID-related economic scarring than in past crises?
Michael Zezas: What’s Next for U.S.-China Trade?
February 17, 2021 17:51 - 2 minutes - 2.43 MBConcerns about the state of U.S.-China trade relations dominated investor thinking in 2018 and 2019. What’s the path forward for the Biden administration?
Adam Jonas: Space - The Disruption of All Disruptions?
February 16, 2021 21:56 - 3 minutes - 3.64 MBThe scientific race toward quantum communication is already underway. A look at why the global space economy will be critical to its development.
Andrew Sheets: With Gold, the Narrative Matters
February 12, 2021 21:07 - 2 minutes - 2.72 MBGold is sometimes perceived by investors as a good hedge against inflation, however its track record in this capacity is worth a closer look.
COVID-19: Variants, Vaccines and the Road Ahead
February 11, 2021 23:01 - 10 minutes - 9.93 MBWe dive into what’s ahead amid competing news headlines on the improving pace of vaccinations and worries over new variants.
Special Episode: The Debate over U.S. Fiscal Stimulus and Inflation
February 10, 2021 22:16 - 7 minutes - 7.16 MBMichael Zezas, Head of U.S. Public Policy Research and Matthew Hornbach, Global Head of Macro Strategy, discuss the impact of stimulus and inflation on fixed income markets.
Chetan Ahya: The Fed, Stimulus and “The High-Pressure Economy”
February 09, 2021 20:17 - 3 minutes - 3.3 MBIf you’re not familiar with the concept of a high-pressure economy, now might be a good time to get acquainted. A new forecast for the U.S. economy.
Mike Wilson: Was January a Roadmap for 2021?
February 08, 2021 23:30 - 3 minutes - 2.78 MBHistorically speaking, as goes January, so goes the year. Here’s why higher volatility and dispersion of returns between sectors and stocks may define 2021.
Andrew Sheets: Why U.S. Bond Yields Could Keep Rising
February 05, 2021 20:01 - 2 minutes - 2.5 MB10-yr bond yields could rise by about 0.5% in 2021, but the potentially record amount of government bond issuance may not be the driver.
Special Episode: The Shifting Dynamics of Oil and Energy
February 04, 2021 22:34 - 9 minutes - 8.85 MBTwo big stories are underway in oil and energy markets: changing supply and demand factors amid COVID-19 vaccinations and the impact of ESG considerations. We dive into both.
Michael Zezas: A Possible Path for Pandemic Relief?
February 03, 2021 20:48 - 2 minutes - 2.27 MBRepublicans and Democrats are still far apart on the shape of a new fiscal stimulus bill, but that doesn’t mean a pathway to passage isn’t emerging.
Shawn Kim: Asia Tech at the Dawn of a New Cycle
February 02, 2021 18:53 - 3 minutes - 2.78 MBWhat Asia tech trends should investors be watching in the year ahead? Shawn Kim, Head of Asia Technology Research, shares five key themes for 2021.
Mike Wilson: Why This Isn’t Dot-Com Bubble Redux
February 01, 2021 23:19 - 3 minutes - 3.41 MBAlthough last week's market correction was long overdue (and perhaps not finished), two differences separate the tech bubble of 1999-2000 and the present.
Andrew Sheets: The Short-selling Drama - Sideshow or Main Event?
January 29, 2021 22:03 - 2 minutes - 2.71 MBA handful of heavily shorted stocks took markets for a bit of ride this week. Does it say something larger about the future direction of equities markets?
Special Episode: Where is Consumer Spending Trending?
January 28, 2021 22:28 - 10 minutes - 9.31 MBOn this episode, we look at the evolution of U.S. consumer spending trends—and parallel investment themes—as COVID-19 vaccines roll out this year.
Michael Zezas: U.S. Stimulus Twists and Turns
January 27, 2021 22:01 - 2 minutes - 2.6 MBWhen it comes to the next round of U.S. fiscal stimulus, in the near term it may be the journey that moves markets, not the destination.
Mike Wilson: An Overexuberant Bull?
January 26, 2021 21:54 - 3 minutes - 3.61 MBIt’s hard to ignore that pockets of excess have developed in financial markets. While past is not always prologue, a look back at the global financial crisis and tech bubble of 1999 provides perspective.
Special Episode: U.S. Housing and Credit Outlook 2021
January 22, 2021 23:45 - 11 minutes - 10.1 MBData on housing supply, demand, affordability and credit availability paint an optimistic picture for U.S. housing. We dive into the outlook for residential credit and agency mortgage markets.
Andrew Sheets: The Case for Optimism in 2021
January 21, 2021 20:38 - 3 minutes - 2.82 MBInvestors are keeping a worried eye on the pandemic, expensive stock valuations and potentially higher inflation. But even in these areas there may be cause for optimism.
Michael Zezas: 3 U.S. Policy Forecasts… and a Wild Card
January 20, 2021 20:23 - 2 minutes - 2.35 MBAs a Democratic administration takes the reins in the White House and Congress, what policy moves should investors expect?
Mike Wilson: Time to Leave the Pack Behind?
January 19, 2021 23:14 - 3 minutes - 3.64 MBInvestors have become infatuated with the S&P 500, but a rotation to new leadership suggests a look toward stocks that have been off the radar.
Special Episode: Rates and FX Markets Eye the U.S. Policy Path
January 15, 2021 22:22 - 10 minutes - 9.67 MBAs Congress and a new administration ponder new stimulus to navigate the pandemic, what will 2021 look like for FX and government bond markets?
Andrew Sheets: Rates and Inflation - Moving for the Right Reasons?
January 14, 2021 23:05 - 2 minutes - 2.66 MBRising yields and inflation can create anxiety for investors, but the impact depends on why they’re rising. Chief Cross-Asset Strategist Andrew Sheets explains.
Adam Virgadamo: 5 Equities Investment Themes for 2021
January 13, 2021 20:39 - 3 minutes - 3.18 MBAs vaccines continue to roll out and the world eyes a return to normal, several key themes are emerging that could shape investment returns.
Reza Moghadam: High Noon at the ECB Corral
January 12, 2021 21:51 - 4 minutes - 4.34 MBDoes a robust recovery in 2021 spell the end of European Central Bank action? One inconvenient fact may stand in the way: the lackluster rise in inflation.
Mike Wilson: So… What Isn’t Priced-In?
January 11, 2021 22:58 - 4 minutes - 3.7 MBAlthough 2021 is likely to be a better year economically, asset markets may not repeat the remarkable run of the past 9 months. So where should investors look?
Special Episode: Are the Clouds Clearing for European Equities?
January 08, 2021 22:33 - 10 minutes - 9.92 MBWhy a reflationary backdrop in 2021 could provide a boost to Europe’s cyclical value stocks. A look at the year ahead with Graham Secker, Head of the European and UK Equity Strategy Team.
Andrew Sheets: Three Implications of the “Blue Wave”
January 07, 2021 20:59 - 3 minutes - 2.77 MBChief Cross-Asset Strategist Andrew Sheets explains why a Democrat sweep of Congress and the White House suggests more reflation and rotation in portfolios.
Michael Zezas: Georgia Changes the Game
January 07, 2021 16:14 - 2 minutes - 2.32 MBWith wins called for both Senate runoff elections in Georgia, Democrats are poised to control the Presidency and both chambers of Congress. What does this mean for further stimulus?
Reza Moghadam: New Year, New Europe
January 05, 2021 22:50 - 5 minutes - 4.61 MBWith Brexit finally a reality, Chief Economic Advisor Reza Moghadam details key elements of the agreement—and the resulting market implications for the EU and UK.
Mike Wilson: Strategically Riding the Bull in 2021
January 04, 2021 23:43 - 3 minutes - 3.6 MBWith valuations high, where will markets look to discount next? A look at some key themes developing in this new bull market.
Michael Zezas: What’s Ahead for U.S. Policy in 2021?
December 23, 2020 18:00 - 2 minutes - 2.43 MBTwo events could change the trajectory of fiscal policy in 2021: the need to raise the debt ceiling and the coming expiry of key corporate tax breaks.
Special Episode: What’s in Store for ESG Investing?
December 22, 2020 19:41 - 9 minutes - 8.85 MBOn this special edition of the podcast, we discuss the outlook for sustainability and ESG investing in 2021 with some key themes for investors to watch.
Mike Wilson: An Exhaustion Point for Good News?
December 21, 2020 21:40 - 3 minutes - 3.26 MBMarkets often don't need a concrete reason to sell-off or rally. Sometimes it's just exhaustion of a trend that has carried too far.
Andrew Sheets: Unwrapping the Impact of Price Sensitivity
December 18, 2020 18:02 - 2 minutes - 2.66 MBA look at why investors should be mindful that seemingly small changes in yields can mean big swings in the prices of assets.
Corporate Credit 2021: A Shift to High Yield
December 17, 2020 21:36 - 10 minutes - 9.7 MBVishy Tirupattur, Head of Fixed Income Research, talks with Andrew Sheets about why corporate credit investors could see better returns in the high yield space in 2021.
Michael Zezas: All Eyes on Georgia
December 16, 2020 22:06 - 1 minute - 1.65 MBBond investors may want to watch Georgia’s upcoming Senate runoff elections since Democrat wins could mean more fiscal expansion… and a potential fall for bond prices.
Asia Equities 2021: Positioning Is Key
December 16, 2020 01:52 - 11 minutes - 10.1 MBWhy COVID-19, tech disruption and a shift to a more multipolar world may require a more tactical approach to the region in 2021.
Mike Wilson: Getting Ahead of 2021 Leadership Shifts
December 14, 2020 23:01 - 3 minutes - 3.2 MBSmall caps and cyclicals outperformed significantly this year, particularly after announcement of a vaccine. Which factors could see momentum in 2021?
Special Episode: As a Vaccine Rolls-Out, What’s Next?
December 14, 2020 16:34 - 7 minutes - 6.91 MBAlthough the first COVID-19 vaccine has now begun distribution in the U.S., the country still faces alarming numbers of new cases. We dive into the logistics of mass vaccination.
Andrew Sheets: Why Rates Will Rise Next Year, and Why the Fed Will Let Them
December 10, 2020 23:34 - 2 minutes - 2.44 MBMany are skeptical of substantial rise in long term interest rates in the coming year, but we think market pressures will push them up more than the consensus and that the Fed will not get in the way. Chief Cross-Asset Strategist Andrew Sheets explains.
Michael Zezas: Can Congress Break the Stimulus Logjam?
December 09, 2020 20:47 - 2 minutes - 2.2 MBCongress is making progress on a COVID fiscal relief package, but previous efforts to strike a deal haven’t borne fruit. Why this time may be different.
Mike Wilson: Closing the Books on 2020
December 07, 2020 21:14 - 3 minutes - 3.2 MBDespite a year of high uncertainty, 2020 may end as a strong year for nearly every asset class—which means it may be time to step back and take a breath.