Thoughts on the Market
Episodes
M&A Poised to Gain Momentum
29 Oct 2025
Contributed by Lukas
Our Head of Corporate Credit Research Andrew Sheets explains why the recent revival of M&A activity has room to accelerate.Read more ins...
A Turnaround in Sight for Healthcare?
28 Oct 2025
Contributed by Lukas
Our U.S. Biotech and Biopharma analysts Sean Laaman and Terence Flynn discuss the latest developments that could be positioning the healthcare sector ...
Will the Stock Market Rally Continue?
27 Oct 2025
Contributed by Lukas
Our CIO and Chief U.S. Equity Strategist Mike Wilson discusses the outlook for stocks after the preliminary U.S.-China trade agreement and ahead of th...
What Happens to Software Developers as AI Can Code?
24 Oct 2025
Contributed by Lukas
Our U.S. Software Analyst Sanjit Singh explains how AI is reshaping software development and why the future for the sector may be brighter – and bus...
Should AI Spending Worry Investors?
23 Oct 2025
Contributed by Lukas
Our Head of Corporate Credit Research Andrew Sheets wades into the debate around whether the boom in artificial intelligence investment is a warning s...
The Next Turning Points in Tech
22 Oct 2025
Contributed by Lukas
Our analysts Brian Nowak, Keith Weiss and Matt Bombassei break down the most important tech insights from Morgan Stanley’s Spark Private Company Con...
How to Navigate U.S.-China Tensions
21 Oct 2025
Contributed by Lukas
Our Global Head of Fixed Income Research and Public Policy Michael Zezas discuss the latest developments in U.S.-China relations and how they could af...
Time for a Bull Market Correction?
20 Oct 2025
Contributed by Lukas
As the S&P 500 continues to rally, our CIO and Chief U.S. Equity Strategist Mike Wilson discusses three factors that could lead to a stock market ...
U.S.-China Tensions: What Could Happen Next?
17 Oct 2025
Contributed by Lukas
Our U.S. Public Policy Strategist Ariana Salvatore unpacks how China’s announced rare earth export controls and signals of sweeping U.S. tariffs cou...
Credit Market’s Three Big Debates
16 Oct 2025
Contributed by Lukas
With Morgan Stanley’s European Leveraged Finance Conference underway, our Head of Corporate Credit Research Andrew Sheets joins Chief Fixed Income S...
How Politics Affect Global Markets
15 Oct 2025
Contributed by Lukas
Political developments in Japan and France have brought more volatility to sovereign debt markets. Our Global Economist Arunima Sinha highlights the r...
Asia’s Youth Job Crisis
14 Oct 2025
Contributed by Lukas
Our Chief Asia Economist Chetan Ahya discusses how youth unemployment will impact future growth and stability across China, India, and Indonesia.Read ...
An M&A Boom for Financials
13 Oct 2025
Contributed by Lukas
Morgan Stanley analysts Betsy Graseck and Michael Cyprys discuss what’s driving unprecedented consolidation for asset and wealth management firms.Re...
An Unprecedented Wave of Inheritances Is Coming
10 Oct 2025
Contributed by Lukas
Our U.S. Thematic and Equity Strategist Michelle Weaver discusses how the largest intergenerational wealth transfer in history could reshape saving, s...
Lessons From a Bond Issued 90 Years Ago
09 Oct 2025
Contributed by Lukas
Diving into the history of Morgan Stanley’s first bond deal, our Head of Corporate Credit Research Andrew Sheets explains the value of high-quality ...
When Will the Shutdown Affect Markets?
08 Oct 2025
Contributed by Lukas
An extended U.S. government shutdown raises the risk for weaker growth potential. Our Global Head of Fixed Income Research and Public Policy Strategy ...
Get Ready for a Steeper Yield Curve
07 Oct 2025
Contributed by Lukas
Our Fixed Income Strategist Vishy Tirupattur explains how changes in the yield curve are affecting markets such as insurance, Treasury yields and mort...
How Asia Is Reinventing Itself for Global Competition
06 Oct 2025
Contributed by Lukas
Our strategists Daniel Blake and Tim Chan discuss how Asia is adapting to multipolar world dynamics, tech innovation and longevity trends to create ne...
Introducing: What Should I Do With My Money: Season 3
04 Oct 2025
Contributed by Lukas
Have you ever wondered -- How much do I really need to retire early and am I on track? How do I balance all of my financial goals? How can I help...
China’s Biotech Revolution
03 Oct 2025
Contributed by Lukas
Our China Healthcare Analyst Jack Lin discusses how China’s biotech surge is reshaping healthcare, investment and innovation worldwide.Read more&nbs...
Opportunities From China’s Policy Shifts
02 Oct 2025
Contributed by Lukas
Our Chief China Equity Strategist Laura Wang discusses how China’s new approach to economic development is transforming domestic industries and resh...
Will U.S. Inflation Slow in 2026?
01 Oct 2025
Contributed by Lukas
In the second of a two-part episode, Morgan Stanley’s chief economists talk about their near-term U.S. outlook based on tariffs, labor supply and th...
Tackling Economic Hurdles in Europe and Asia
30 Sep 2025
Contributed by Lukas
Morgan Stanley’s chief economists discuss how policymakers in China, Japan and the European Union are addressing slower growth, deflation or the ret...
Will the Fed End the Party?
29 Sep 2025
Contributed by Lukas
Despite large deficits, booming capital expenditures and a looser regulatory environment, the Fed appears poised to cut rates further to support the s...
Investors Monitor Washington’s Ticking Budget Clock
26 Sep 2025
Contributed by Lukas
Our Global Head of Thematic and Fixed Income Research Michael Zezas and our U.S. Public Policy Strategist Ariana Salvatore unpack the market and econo...
When Will the U.S. Housing Market Reactivate?
25 Sep 2025
Contributed by Lukas
Our Co-Head of Securitized Products Research James Egan joins our Chief Economic Strategist Ellen Zentner to discuss the recent challenges facing the ...
Capital Markets Pick Up as U.S. Policy Settles
24 Sep 2025
Contributed by Lukas
Our Global Head of Fixed Income Research and Public Policy Strategy, Michael Zezas, examines growth in IPOs and M&A amid greater certainty around ...
A Good ‘Perfect Storm’ for India
23 Sep 2025
Contributed by Lukas
Our Head of India Research Ridham Desai and leaders from Morgan Stanley Investment Management Arjun Saigal and Jitania Kandhari discuss how India’s ...
Why the ‘Rolling Recovery’ Has Already Begun
22 Sep 2025
Contributed by Lukas
Our CIO Mike Wilson joins U.S. Equity strategist Andrew Pauker to answer frequently asked questions about their latest economic outlook, including how...
Can the Fed’s Move Boost Global Credit?
19 Sep 2025
Contributed by Lukas
With this week’s announcement of a rate cut and further cuts in the offing, the Fed seems willing to let the U.S. economy run a little hot. Our Head...
Weighing Fed Cut Against Jobs and Inflation Risks
18 Sep 2025
Contributed by Lukas
On Wednesday, the Fed announced its first rate cut in nine months. While the reduction was widely expected, our Global Head of Macro Strategy Matthew ...
Special Encore: AI Takes the Wheel
17 Sep 2025
Contributed by Lukas
Original Release Date: August 21, 2025From China’s rapid electric vehicle adoption to the rise of robotaxis, humanoids, and flying vehicles, our ana...
How U.S. Industry Is Reinventing Itself
16 Sep 2025
Contributed by Lukas
Our strategists Michelle Weaver and Adam Jonas join analyst Christopher Snyder to discuss the most important themes that emerged from the Morgan Stanl...
Can Fed Cuts Bring Mortgage Rates Down?
15 Sep 2025
Contributed by Lukas
For investors looking to make sense of housing-related assets amidst changes in Fed policy stance, our co-heads of Securitized Product Research Jay Ba...
How Cybersecurity Is Reshaping Portfolios
12 Sep 2025
Contributed by Lukas
Online crime is accelerating, making cybersecurity a fast-growing and resilient investment opportunity. Our Cybersecurity and Network and Equipment an...
What’s Next for the India-China Trade?
11 Sep 2025
Contributed by Lukas
Our Chief Asia Economist Chetan Ahya discusses how the evolving trade relationship between India and China could redefine global supply chains and unl...
Why Gold Still Holds Glitter in Markets
10 Sep 2025
Contributed by Lukas
Our Metals & Mining Commodity Strategist Amy Gower discusses her bullish outlook for gold and what the metal’s rally in 2025 says about inflatio...
Can AI Make Healthcare Less Expensive?
09 Sep 2025
Contributed by Lukas
Many Americans struggle with the rising cost of healthcare. Analysts Terence Flynn and Erin Wright explain how AI might bend the cost curve, from Morg...
A New Bull Market Begins?
08 Sep 2025
Contributed by Lukas
Morgan Stanley’s CIO and Chief U.S. Equity Strategist Mike Wilson discusses the outlook for U.S. stocks after Friday's nonfarm payroll dat...
Why the U.S. Dollar Still Smiles
05 Sep 2025
Contributed by Lukas
Our G10 FX Market Strategist Andrew Watrous challenges the prevailing market view on the U.S. dollar, reaffirming the relevance of Morgan Stanley’s ...
Walking a Narrow Economic Path
04 Sep 2025
Contributed by Lukas
Our Head of Corporate Credit Research Andrew Sheets discusses the scenarios markets may face in September and for the rest of the year, as the Federal...
Why a Fed Pivot Could Trigger Volatility
03 Sep 2025
Contributed by Lukas
Fed Chair Jay Powell’s speech at Jackson Hole underscored the central bank’s new focus on managing downside growth risks. Michael Zezas, our Globa...
Are Agency Mortgage-Backed Securities Making a Comeback?
02 Sep 2025
Contributed by Lukas
Our Co-Heads of Securitized Products Research Jay Bacow and James Egan explain why the macro backdrop could be changing in favor of agency mortgages a...
Market Outcomes of Fed’s New Course
29 Aug 2025
Contributed by Lukas
In the second of a two-part episode, our Chief U.S. Economist Michael Gapen and Global Head of Macro Strategy Matthew Hornbach talk about how Treasury...
Breaking Down the Fed’s New Course
28 Aug 2025
Contributed by Lukas
In the first of a two- part episode, our Chief U.S. Economist Michael Gapen and Global Head of Macro Strategy Matthew Hornbach discuss the outcome of ...
Could a Fed Rate Cut Affect Credit Quality?
27 Aug 2025
Contributed by Lukas
Our Head of Corporate Credit Research Andrew Sheets discusses why a potential start of monetary easing by the Federal Reserve might be a cause for con...
Gen Z Trends That Could Disrupt Markets
26 Aug 2025
Contributed by Lukas
Our analysts Adam Jonas and Alex Straton discuss how tech-savvy young professionals are influencing retail, brand loyalty, mobility trends, and the br...
How Stocks Could React to a Fed Pivot
25 Aug 2025
Contributed by Lukas
Opinions by market pundits have been flying since Fed Chair Powell’s remarks at Jackson Hole last week, leaving the door open for interest rate cuts...
What to Watch When Credit Spreads Narrow
22 Aug 2025
Contributed by Lukas
Credit spreads are at the lowest levels in more than two decades, indicating health of the corporate sector. However, our Head of Corporate Credi...
AI Takes the Wheel
21 Aug 2025
Contributed by Lukas
From China’s rapid electric vehicle adoption to the rise of robotaxis, humanoids, and flying vehicles, our analysts Adam Jonas and Tim Hsiao discuss...
The Fed’s Next Moves After Mixed Data
20 Aug 2025
Contributed by Lukas
Markets have already priced in a Fed cut, given the mixed economic data in the July labor and CPI prints. Our Global Economist Arunima Sinha makes the...
Why Credit Is Core to AI Expansion
19 Aug 2025
Contributed by Lukas
Our Chief Fixed Income Strategist Vishy Tirupattur brings in Vishwas Patkar, Head of U.S. Credit Strategy, and Carolyn Campbell, Head of Consumer and ...
What’s Fueling the Future of Energy in Asia?
18 Aug 2025
Contributed by Lukas
Our analysts Tim Chan and Mayank Maheshwari discuss how nuclear power and natural gas are reshaping Asia’s evolving energy mix, and what these trend...
Special Encore: Bracing for Sticker Shock
15 Aug 2025
Contributed by Lukas
Original Release Date: July 11, 2025As U.S. retailers manage the impacts of increased tariffs, they have taken a number of approaches to avoid raising...
A Divergence of Thought on the Fed’s Path
14 Aug 2025
Contributed by Lukas
The market thinks the Fed is likely to cut rates come September. Morgan Stanley economists disagree. Our Head of Corporate Credit Research Andrew Shee...
Tariffs’ Impact on Economy and Bond Markets
13 Aug 2025
Contributed by Lukas
Although tariff negotiations continue, deals are being made, shifting investor focus on assessing the fallout. Our Global Head of Fixed Income Researc...
The Credibility of Inflation Targets
12 Aug 2025
Contributed by Lukas
Can a central bank simply announce an inflation target and get everyone to believe it? Our Global Economist Arunima Sinha looks at the cases of South ...
How AI is Driving the Digital Revolution in Sports
11 Aug 2025
Contributed by Lukas
Morgan Stanley Research looks at how changes in demographics, ownership, and distribution can boost tech adoption to revolutionize the global sports i...
Backpacks, Laptops and Sneakers
08 Aug 2025
Contributed by Lukas
Our U.S. Thematic and Equity Strategist Michelle Weaver discusses what back-to-school spending trends reveal about consumer sentiment and the U.S. eco...
A Whiff of Stagflation
07 Aug 2025
Contributed by Lukas
So far, markets have shown resilience, despite the volatility. However, our Head of Corporate Credit Research Andrew Sheets points out that economic d...
How Credit Markets Could Finance AI’s Trillion Dollar Gap
06 Aug 2025
Contributed by Lukas
Until now, the AI buildout has largely been self-funded. Our Chief Fixed Income Strategist Vishy Tirupattur and our Head of U.S. Credit Strategy Vishw...
Higher Bar for September Rate Cut
05 Aug 2025
Contributed by Lukas
There’s a dichotomy between the pace of job growth and the unemployment rate. Our Chief U.S. Economist Michael Gapen and Global Head of Macro Strate...
Why Stocks Get Ahead of the Fed
04 Aug 2025
Contributed by Lukas
Economic data looks backward while equity markets are looking ahead. Our CIO and Chief U.S. Equity Strategist Mike Wilson explains why this delay...
Why Markets Remain Murky on Tariff Fallout
01 Aug 2025
Contributed by Lukas
While investors may now better understand President Trump’s trade strategy, the economic consequences of tariffs remain unclear. Our Global Head of ...
How Waning American Dominance Could Move Yields
31 Jul 2025
Contributed by Lukas
Lisa Shalett, our Wealth Management CIO, and Andrew Sheets, our Head of Corporate Credit Research, conclude their discussion of American Exceptionalis...
Is American Market Dominance Over?
30 Jul 2025
Contributed by Lukas
In the first of a two-part episode, Lisa Shalett, our Wealth Management CIO, and Andrew Sheets, our Head of Corporate Credit Research, discuss whether...
A Good Time to Buy the Dip?
29 Jul 2025
Contributed by Lukas
AI adoption, dollar weakness and tax savings from the Big Beautiful Bill are some of the factors boosting our CIO and Chief U.S. Equity Strategist Mik...
Singapore’s $4 Trillion Transformation
28 Jul 2025
Contributed by Lukas
Our Head of ASEAN Research Nick Lord discusses how Singapore’s technological innovation and market influence are putting it on track to continue ris...
Who Will Fund AI’s $3 Trillion Ask?
25 Jul 2025
Contributed by Lukas
Joining the AI race also requires building out massive physical infrastructure. Our Head of Corporate Credit Research Andrew Sheets explains why credi...
Trump‘s AI Action Plan
24 Jul 2025
Contributed by Lukas
The Trump administration unveiled a 28-page AI Action Plan, outlining more than 90 policy actions, with an ambition for the U.S. to win the AI race. O...
Will the Entertainment Business Stay Human?
23 Jul 2025
Contributed by Lukas
Our U.S. Media & Entertainment Analyst Benjamin Swinburne discusses how GenAI is transforming content creation, distribution and also raising some...
Asia’s $46 Trillion Question
22 Jul 2025
Contributed by Lukas
Our Chief Asia Economist Chetan Ahya discusses three key decisions that will determine Asia’s international investment position and affect currency ...
Can a ‘Shadow Chair’ Steer the Fed?
21 Jul 2025
Contributed by Lukas
As Fed Chair Jerome Powell’s term ends next year, our Global Chief Economist Seth Carpenter discusses the potential policy impact of a so-called “...
No Summer Slowdown for Markets – Yet
18 Jul 2025
Contributed by Lukas
Markets may seem calm following recent policy headlines, but for Michael Zezas, our Global Head of Fixed Income Research and Public Policy Strategy, i...
How a Weaker Dollar Could Boost U.S. Stocks
17 Jul 2025
Contributed by Lukas
The dollar’s bearish run is likely to affect U.S. equity markets. Michelle Weaver, our U.S. Thematic & Equity Strategist, and David Adams, our H...
Coming Soon: The Tariff Hit on Economic Data
16 Jul 2025
Contributed by Lukas
U.S. tariffs have had limited impact so far on inflation and corporate earnings. Our Head of Corporate Credit Research Andrew Sheets explains why – ...
The End of the U.S. Dollar’s Bull Run?
16 Jul 2025
Contributed by Lukas
Our analysts Paul Walsh, James Lord and Marina Zavolock discuss the dollar’s decline, the strength of the euro, and the mixed impact on European equ...
How Wall Street Is Weathering the Tariff Storm
14 Jul 2025
Contributed by Lukas
Stocks hold steady as tariff uncertainty continues. Our CIO and Chief U.S. Equity Strategist Mike Wilson explains how policy deferrals, earnings resil...
Bracing for Sticker Shock
11 Jul 2025
Contributed by Lukas
As U.S. retailers manage the impacts of increased tariffs, they have taken a number of approaches to avoid raising prices for customers. Our Head of C...
The Future Reckoning of Tariff Escalation
10 Jul 2025
Contributed by Lukas
The ultimate market outcomes of President Trump’s tactical tariff escalation may be months away. Our Global Head of Fixed Income Research ...
Are Foreign Investors Fleeing U.S. Assets?
09 Jul 2025
Contributed by Lukas
Our Chief Cross-Asset Strategist Serena Tang discusses whether demand for U.S. stocks has fallen and where fund flows are surging. Read more ...
How AI Is Disrupting Defense
08 Jul 2025
Contributed by Lukas
Arushi Agarwal from the European Sustainability Strategy team and Aerospace & Defense Analyst Ross Law unpack what a reshaped defense industry mea...
Have U.S. Consumers Shaken Off Tariff Concerns?
07 Jul 2025
Contributed by Lukas
The American consumer isn’t simply pulling back. They are changing the way they spend – and save. Our U.S. Thematic and Equity Strategist Michelle...
America’s Debt Story
03 Jul 2025
Contributed by Lukas
For a special Independence Day episode, our Head of Corporate Credit Research considers a popular topic of debate, on holidays or otherwise – nation...
Three Possibilities for What’s Next on Tariffs
02 Jul 2025
Contributed by Lukas
Our analysts Michael Zezas and Ariana Salvatore discuss the upcoming expiration of reciprocal tariffs and the potential impacts for U.S. trade.Read mo...
How AI Could Transform the Real Estate Sector
01 Jul 2025
Contributed by Lukas
Ron Kamdem, our U.S. Real Estate Investment Trusts & Commercial Real Estate Analyst, discusses how GenAI could save the real estate industry $34 b...
The U.S. Housing Market Slowdown
30 Jun 2025
Contributed by Lukas
The U.S. housing market appears to be stuck. Our co-heads of Securitized Product research, Jay Bacow and James Egan, explain how supply and demand, as...
Watching the Canary in the Coalmine
27 Jun 2025
Contributed by Lukas
Stock tickers may not immediately price in uncertainty during times of geopolitical volatility. Our Head of Corporate Credit Research Andrew Sheets su...
Why the Fed Will Cut Late, But Cut More
26 Jun 2025
Contributed by Lukas
Our Global Head of Macro Strategy Matt Hornbach and U.S. Economist Michael Gapen assess the Fed’s path forward in light of inflation and a weaker ec...
Humanoids’ Insatiable Hunger for Minerals
25 Jun 2025
Contributed by Lukas
Our Australia Materials Analyst Rahul Anand discusses why critical minerals may be the Achilles’ heel of humanoids as demand significantly outpaces ...
India Outperforms with High Growth and Low Volatility
24 Jun 2025
Contributed by Lukas
Morgan Stanley’s Chief Asia Equity Strategist Jonathan Garner explains why Indian equities are our most preferred market in Asia.Read more insi...
Why Stocks Can Be Resilient Despite Geopolitical Risk
23 Jun 2025
Contributed by Lukas
Our CIO and Chief U.S. Equity Strategist Mike Wilson explains why investors have largely remained calm amid recent developments in the Middle East.Rea...
Midyear Credit Outlook: An Odd Disconnect in Asia
20 Jun 2025
Contributed by Lukas
Our analysts Andrew Sheets and Kelvin Pang explain why international issuers may be interested in so-called ‘dim sum’ bonds, despite Asia’s grow...
How Oil Could Price Amid Mideast Tensions
18 Jun 2025
Contributed by Lukas
Our Global Commodities Strategist Martijn Rats explores three possible scenarios for oil prices in light of geopolitical shifts in the Middle East.Imp...
Why Markets Should Keep an Eye on Japan’s AI Playbook
17 Jun 2025
Contributed by Lukas
Our Senior Japan Economics Advisor discusses Japan’s systematic approach to AI and the lessons it offers for other markets.Read more insights&n...
A Bullish Case for Large Cap U.S. Equities
16 Jun 2025
Contributed by Lukas
While market sentiment on U.S. large caps turns cautious, our Chief CIO and U.S. Equity Strategist Mike Wilson explains why there's still room to stay...
The Economic Stakes of President Trump’s Immigration Policy
13 Jun 2025
Contributed by Lukas
Our economists Michael Gapen and Sam Coffin discuss how a drop in immigration is tightening labor markets, and what that means for the U.S. economic o...
Midyear Credit Outlook: Slowdown in Europe
12 Jun 2025
Contributed by Lukas
Our analysts Andrew Sheets and Aron Becker explain why European credit markets’ performance for the rest of 2025 could be tied to U.S. growth.Read m...
What the New Tax Bill Means for Cross-Border Portfolios
11 Jun 2025
Contributed by Lukas
Our Global Head of Fixed Income Research and Public Policy Strategy Michael Zezas reads the fine print of U.S. tax legislation to understand how it mi...
How China Is Rewriting the AI Code
10 Jun 2025
Contributed by Lukas
Our Head of Asia Technology Research Shawn Kim discusses China's distinctly different approach to AI development and its investment implications.Read ...