Thoughts on the Market

Where Investors Agree—or Don’t—With Our 2026 Outlook

16 Dec 2025

Contributed by Lukas

Our Chief Fixed Income Strategist Vishy Tirupattur responds to some of the feedback from clients on Morgan Stanley’s 2026 global outlooks.Read more&...

Why Market Stability Matters to the Fed

15 Dec 2025

Contributed by Lukas

Our CIO and Chief U.S. Equity Strategist Mike Wilson explains the significance of the Fed’s decision to resume buying $40 billion of Treasury bills ...

Is the Credit Cycle Overheating?

12 Dec 2025

Contributed by Lukas

Our Head of Corporate Credit Research Andrew Sheets explains why 2026 might bring a credit cycle that burns hotter before it burns out.Read more ...

Fed’s Next Steps and Markets’ Reactions

11 Dec 2025

Contributed by Lukas

Our Global Head of Macro Strategy Matthew Hornbach and Chief U.S. Economist Michael Gapen discuss the Fed’s path as inflation remains above its targ...

Asia’s Economy and Markets in 2026

10 Dec 2025

Contributed by Lukas

Our Chief Asia Economist Chetan Ahya and Chief China Equity Strategist Laura Wang unpack Asia’s broadening economic recovery and focus on China’s ...

The Outlook for European Stocks in 2026

09 Dec 2025

Contributed by Lukas

Our Head of Research Product in Europe Paul Walsh and Chief European Equity Strategist Marina Zavolock break down the key drivers, risks, and sector s...

Stocks in 2026: What’s Next for Retail Investors

08 Dec 2025

Contributed by Lukas

Mike Wilson, our CIO and Chief U.S. Equity Strategist, and Dan Skelly, Senior Investment Strategist at Morgan Stanley Wealth Management, discuss the o...

AI Rewrites the Retail Playbook

05 Dec 2025

Contributed by Lukas

Live from the Morgan Stanley Global Consumer & Retail Conference, our analysts discuss how AI is reshaping the future of shopping in the U.S.Read ...

Trends and Challenges for Consumers in 2026

04 Dec 2025

Contributed by Lukas

Live from the Morgan Stanley Global Consumer & Retail Conference in New York, our analysts discuss the latest macro trends and pressures impacting...

Investors’ Top Questions for 2026

03 Dec 2025

Contributed by Lukas

Our Global Head of Fixed Income Research and Public Policy Strategy Michael Zezas and Chief Global Cross-Asset Strategist Serena Tang address themes t...

AI Sparks New Economics for Electricity

02 Dec 2025

Contributed by Lukas

Our South Asia Energy Analyst Mayank Maheshwari discusses how the unprecedented demand to power AI is set to transform the power industry for years to...

Home Affordability Still Under Pressure

01 Dec 2025

Contributed by Lukas

Our Co-Heads of Securitized Product Research Jay Bacow and James Egan discuss the outlook for mortgage rates and the U.S. housing market in 2026.Read ...

Special Encore: How Japan’s Stablecoin Could Reshape Global Finance

28 Nov 2025

Contributed by Lukas

Original Release Date: October 31, 2025Our Japan Financials Analyst Mia Nagasaka discusses how the country’s new stablecoin regulations and digital ...

Special Encore: An Unprecedented Wave of Inheritances Is Coming

26 Nov 2025

Contributed by Lukas

Original Release Date: October 10, 2025Our U.S. Thematic and Equity Strategist Michelle Weaver discusses how the largest intergenerational wealth tran...

What’s Driving U.S. Growth in 2026

25 Nov 2025

Contributed by Lukas

Our Chief U.S. Economist Michael Gapen breaks down how growth, inflation and the AI revolution could play out in 2026.Read more insights fro...

Bull Market Keeps an Eye on the Fed

24 Nov 2025

Contributed by Lukas

Our CIO and Chief U.S. Equity Strategist Mike Wilson explains why investors might want to reassess their portfolios, keeping in mind the gap between m...

AI Capex Boom Puts Credit Markets to the Test

21 Nov 2025

Contributed by Lukas

As market murmurs about an AI bubble, our Head of Corporate Credit Research Andrew Sheets offers some perspective on the impacts of the increasing dem...

2026 Global Outlook: Micro Themes Take the Spotlight

20 Nov 2025

Contributed by Lukas

Live from Morgan Stanley’s Asian Pacific Summit, our Chief Fixed Income Strategist Vishy Tirupattur explains why micro trends are likely to be more ...

2026 U.S. Outlook: The Bull Market’s Underappreciated Narrative

19 Nov 2025

Contributed by Lukas

Our CIO and Chief U.S. Equity Strategist Mike Wilson explains why he continues to hold on to an out-of-consensus view of a growth positive 2026, ...

2026 Global Outlook: A Strong Year for Risk Assets

18 Nov 2025

Contributed by Lukas

Our Chief Global Economist Seth Carpenter and Global Cross-Asset Strategist Serena Tang return to conclude their two-part episode on 2026 outlook...

2026 Global Outlook: Slower Growth and Inflation

17 Nov 2025

Contributed by Lukas

In the first of a two-part episode presenting our 2026 outlooks, Chief Global Cross-Asset Strategist Serena Tang has Chief Global Economist Seth Carpe...

2026 Midterm Elections: What’s at Stake for Markets

14 Nov 2025

Contributed by Lukas

Michael Zezas, our Global Head of Fixed Income Research and Public Policy Strategy, highlights what investors need to watch out for ahead of next year...

Who’s Disrupting — and Funding — the AI Boom

13 Nov 2025

Contributed by Lukas

Live from Morgan Stanley’s European Tech, Media and Telecom Conference in Barcelona, our roundtable of analysts discusses tech disruptions and datac...

Europe in the Global AI Race

13 Nov 2025

Contributed by Lukas

Live from Morgan Stanley’s European Tech, Media and Telecom conference in Barcelona, our roundtable of analysts discuss artificial intelligence in E...

Crypto Goes Mainstream

11 Nov 2025

Contributed by Lukas

Our Research Analyst Michael Cyprys joins Wealth Management Strategist Denny Galindo to discuss how and why cryptocurrencies are transi...

Relief and Volatility Ahead for U.S. Stocks

10 Nov 2025

Contributed by Lukas

Our CIO and Chief U.S. Equity Strategist Mike Wilson unpacks why stocks are likely to stay resilient despite uncertainties related to Fed rates, gove...

Fed’s Path Uncertain as Key Data Lags

07 Nov 2025

Contributed by Lukas

Our Chief U.S. Economist Michael Gapen and Global Head of Macro Strategy Matthew Hornbach discuss potential next steps for the FOMC and the risks to t...

Supreme Court Tests Trump Tariffs

06 Nov 2025

Contributed by Lukas

Earlier this week, the U.S. Supreme Court heard a case challenging the current administration’s tariff policy. Our Head of Fixed Income Research and...

Future of Work: AI’s Paradigm Shift for Labor

05 Nov 2025

Contributed by Lukas

Concluding a two-part roundtable discussion, our global heads of Research, Thematic Research and Firmwide AI focus on the human impacts of AI adoption...

Future of Work: AI’s Impact on Industries

04 Nov 2025

Contributed by Lukas

In the first of a two-part roundtable discussion, our Global Head of Research joins our Global Head of Thematic Research and Head of Firmwide AI to di...

More Confidence in a Bull Market

03 Nov 2025

Contributed by Lukas

Our CIO and Chief U.S. Equity Strategist Mike Wilson looks at buying opportunities approaching year-end, as U.S. trade policy and the Fed find middle ...

How Japan’s Stablecoin Could Reshape Global Finance

31 Oct 2025

Contributed by Lukas

Our Japan Financials Analyst Mia Nagasaka discusses how the country’s new stablecoin regulations and digital payments are set to transform the flow ...

Why Shutdown Standoff Raises Stakes for Healthcare

30 Oct 2025

Contributed by Lukas

Our analysts Ariana Salvatore and Erin Wright explain the pivotal role of healthcare in negotiations to end the government shutdown.Read more ins...

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...