Thoughts on the Market
Episodes
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 ...
U.S. Financials Conference: Three Key Themes to Watch
09 Jun 2025
Contributed by Lukas
Our analysts Betsy Graseck, Manan Gosalia and Ryan Kenny discuss the major discussions they expect to highlight Morgan Stanley’s upcoming U.S. Finan...
Standing by Our Outlook
06 Jun 2025
Contributed by Lukas
Morgan Stanley’s midyear outlook defied the conventional view in a number of ways. Our analysts Serena Tang and Vishy Tirupattur push back on the pu...
5 Reasons the Obesity Drug Market Remains Strong
05 Jun 2025
Contributed by Lukas
The global market for obesity drugs is expanding. Our U.S. Pharma and Biotech Analyst Terrence Flynn discusses what’s driving the next stage of glob...
Midyear U.S. Credit Outlook: Why Investors Should Be Selective
04 Jun 2025
Contributed by Lukas
Our analysts Andrew Sheets and Vishwas Patkar take stock of the U.S. credit market, noting which segments are on firm footing going into a period of s...
U.S. Shoppers Take Stock
03 Jun 2025
Contributed by Lukas
Our Thematics and U.S. Economics analysts Michelle Weaver and Arunima Sinha discuss how American consumers are planning to spend as they consider tari...
Why Equity Markets May Be Stronger Than You Think
02 Jun 2025
Contributed by Lukas
Our CIO and Chief U.S. Equity Strategist Mike Wilson explains how his outlook on earnings and valuations give him a constructive view on U.S. equities...
Why Interest Rates Matter Again
30 May 2025
Contributed by Lukas
Our Head of Corporate Credit Research explains why the legal confusion over U.S. tariffs plus the pending U.S. budget bill equals a revived focus on i...
What Now with Tariffs?
30 May 2025
Contributed by Lukas
After the federal court’s ruling against Trump’s reciprocal tariffs, and an appeals court’s temporary stay of that ruling, our analysts Michael ...
How to Decode Tariff Signals
28 May 2025
Contributed by Lukas
Our Global Head of Fixed Income Research & Public Policy Strategy, Michael Zezas, shares the answers to clients’ top U.S. policy questions from ...
Luxury Sector Tightens Its Belt
27 May 2025
Contributed by Lukas
Live from the Morgan Stanley Luxury Conference in Paris, our analysts Arunima Sinha and Eduoard Aubin discuss the economic and consumer trends shaping...
Midyear U.S. Outlook: Equity Markets a Step Ahead?
23 May 2025
Contributed by Lukas
Global trade tensions have eased after a steadying in U.S. policy shifts, leading our CIO and Chief U.S. Equity Strategist Mike Wilson to make a more ...
Midyear Global Outlook, Pt 2: Why the U.S. Still Leads Global Markets
22 May 2025
Contributed by Lukas
Our analysts Serena Tang and Seth Carpenter discuss Morgan Stanley’s out-of-consensus view on U.S. exceptionalism, and how investors should position...
Midyear Global Outlook, Pt 1: Skewing to the Downside
21 May 2025
Contributed by Lukas
Our analysts Seth Carpenter and Serena Tang discuss why they believe the global economy is set to slow meaningfully in the second half of 2025.Read mo...
Japan Summit: Consumer Resilience and Trade Uncertainty
20 May 2025
Contributed by Lukas
Live from the Morgan Stanley Japan Summit, our analysts Chiwoong Lee and Sho Nakazawa discuss their outlook for the Japanese economy and stock market ...
Market Risks Persist After U.S.-China Trade Detente
19 May 2025
Contributed by Lukas
Markets have reacted positively to the U.S.-China détente in tariffs. Our Chief Fixed Income Strategist, Vishy Tirupattur, digs into the rallies to b...
Lessons Amid the Market Rollercoaster
16 May 2025
Contributed by Lukas
As market uncertainty continues around the Trump administration’s trade policy, our Head of Corporate Credit Research Andrew Sheets reflects on the ...
The Rise Of The Humanoid Economy
15 May 2025
Contributed by Lukas
Our analysts Adam Jonas and Sheng Zhong discuss the rapidly evolving humanoid technologies and investment opportunities that could lead to a $5 trilli...
What the Tax Debate Could Mean for Markets
14 May 2025
Contributed by Lukas
Our strategists Michael Zezas and Ariana Salvatore provide context around U.S. House Republicans’ proposed tax bill and how investors should view it...
Can Private Credit Weather Macro Risks?
13 May 2025
Contributed by Lukas
Our analysts Vishy Tirupattur and Joyce Jiang discuss the health of private credit as default pressures are building for borrowers amid weaker growth,...
U.S.-China Trade Truce: What’s Next?
12 May 2025
Contributed by Lukas
Equity markets saw big rallies after trade tensions eased over the weekend. Our CIO and Chief U.S. Equity Strategist Mike Wilson explains why he’s o...
The Eye of a Market Storm
09 May 2025
Contributed by Lukas
The initial shock of the U.S. administration’s tariff announcements is over, but Andrew Sheets, our Head of Corporate Credit Research, suggests the ...
Why is the Taiwanese Dollar Suddenly Surging?
08 May 2025
Contributed by Lukas
Investors were caught off guard last week when the Taiwanese dollar surged to a multi-year high. Our strategists Michael Zezas and James Lord look at ...
Are Investors Searching for New ‘Safe Havens’?
07 May 2025
Contributed by Lukas
The traditional correlations between some asset classes went haywire in April. Our analysts Serena Tang and Vishy Tirupattur discuss whether, in this ...
U.S. Economy: Solid Footing For Now, Uncertainty Ahead
06 May 2025
Contributed by Lukas
With the May FOMC meeting in progress, our analysts Matt Hornbach and Michael Gapen offer perspective on U.S. economic projections and whether markets...
Munis: Tax-Free Income in Times of Stress
05 May 2025
Contributed by Lukas
Morgan Stanley Research analyst Mark Schmidt and Investment Management’s Craig Brandon discuss the heightened uncertainty in the U.S. municipal bond...
Why the UK May Be Poised for a Surprising Rebound
02 May 2025
Contributed by Lukas
Despite news that the UK economy is set to slow due to uncertainty around US trade policy, our analysts Andrew Sheets and Bruna Skarica explain why th...
Can South Korea Afford To Grow Old?
02 May 2025
Contributed by Lukas
Our Chief Korea and Taiwan Economist Kathleen Oh discusses Korea's recent pension reform and its implications for the country's rapidly aging populati...
A Possible Roadmap for U.S. Tariff Policy
30 Apr 2025
Contributed by Lukas
Our analysts Michael Zezas and Rajeev Sibal unpack the significance of a little-discussed clause in the Trump administration’s tariff policy, which ...
Is the Oil Market Flashing a Potential Recession Warning?
29 Apr 2025
Contributed by Lukas
Our Global Commodities Strategist Martijn Rats discusses the ongoing volatility in the oil market and potential macroeconomic scenarios for the rest o...
What Should Investors Expect from Earnings Season?
28 Apr 2025
Contributed by Lukas
Our CIO and Chief U.S. Equity Strategist Mike Wilson discusses how market volatility over the last month will affect equity markets as earnings season...
Tariffs Could Drag on Growth in Asia as Well as U.S.
25 Apr 2025
Contributed by Lukas
Our U.S. and Asia economists Michael Gapen and Chetan Ahya discuss how tariff uncertainty is shaping their expectations for these economies over the s...
Will Housing Prices Keep Climbing?
24 Apr 2025
Contributed by Lukas
Our Co-Heads of Securitized Products Research Jay Bacow and James Egan explain how mortgage rates, tariffs and stock market volatility are affecting t...
Is the Beverage Industry Drying Up?
23 Apr 2025
Contributed by Lukas
Morgan Stanley’s Head of European Consumer Staples, Sarah Simon, discusses why aging populations, wellness trends and Gen Z’s moderation are putti...
How Investors are Playing Defense
22 Apr 2025
Contributed by Lukas
Our Chief Cross-Asset Strategist Serena Tang discusses the market’s shifting perception of risk and what’s behind some unusual patterns in fund fl...
Recession Fears Are a Wild Card for Markets
21 Apr 2025
Contributed by Lukas
Can the U.S. equity market break out of its expected range? Our CIO and Chief U.S. Equity Strategist Mike Wilson looks at whether the Trump administra...
How Much More Could Your Smartphone Cost?
17 Apr 2025
Contributed by Lukas
Our analysts Michael Zezas and Erik Woodring discuss the ways tariffs are rewiring the tech hardware industry and how companies can mitigate the impac...
Tariff Uncertainty Creates Opportunity in Credit
16 Apr 2025
Contributed by Lukas
The ever-evolving nature of the U.S. administration’s trade policy has triggered market uncertainty, impacting corporate and consumer confidence. Bu...
Gold Rush Picks Up Speed
15 Apr 2025
Contributed by Lukas
As gold prices reach new all-time highs, Metals & Mining Commodity Strategist Amy Gower discusses whether the rally is sustainable.Read more ...
Where Is the Bottom of the Market?
14 Apr 2025
Contributed by Lukas
Our CIO and Chief U.S. Equity Strategist Mike Wilson probes whether market confidence can return soon as long as tariff policy remains in a state...
Is the Market Rebound a Mirage?
11 Apr 2025
Contributed by Lukas
Our Head of Corporate Credit Research analyzes the market response to President Trump’s tariff reversal and explains why rallies do not always indic...
Why Tariffs Spurred a Dash for Cash
10 Apr 2025
Contributed by Lukas
Our analysts Vishy Tirupattur and Martin Tobias explain how the announcement of new tariffs and the subsequent pause in their implementation affected ...
Lingering Uncertainties After Tariff Reprieve
10 Apr 2025
Contributed by Lukas
Earlier today, President Trump announced a pause on reciprocal tariffs for 90 days. Our Global Head of Fixed Income Research and Public Policy Strateg...
Three Things That Could Ease Tariff Jitters
08 Apr 2025
Contributed by Lukas
Our CIO and Chief U.S. Equity Strategist explains why the new tariffs added momentum to a correction that was already underway, and what could ease th...
Tariff Roundtable: Global Economy on the Brink of Recession?
07 Apr 2025
Contributed by Lukas
As market turmoil continues, our global economists give their view on the ramifications of the Trump administration’s tariffs, and how central banks...
Tariff Fallout: Where Do Markets Go From Here?
04 Apr 2025
Contributed by Lukas
As markets continue reacting to the Trump administration’s tariffs, Michael Zezas, our Global Head of Fixed Income Research and Public Policy Strate...
How Companies Can Navigate New Tariffs
03 Apr 2025
Contributed by Lukas
Our Thematics and Public Policy analysts Michelle Weaver and Ariana Salvatore discuss the top five strategies for companies to mitigate the effects of...
Faceoff: U.S. vs. European Equities
02 Apr 2025
Contributed by Lukas
Our analysts Paul Walsh, Mike Wilson and Marina Zavolock debate the relative merits of U.S. and European stocks in this very dynamic market moment.Rea...
What’s Weighing on U.S. Consumer Confidence?
02 Apr 2025
Contributed by Lukas
Our analysts Arunima Sinha, Heather Berger and James Egan discuss the resilience of U.S. consumer spending, credit use and homeownership in light...
Are Any Stocks Immune to Tariffs?
31 Mar 2025
Contributed by Lukas
Policy questions and growth risks are likely to persist in the aftermath of the Trump administration’s upcoming tariffs. Our CIO and Chief U.S. Equi...
New Worries in the Credit Markets
28 Mar 2025
Contributed by Lukas
As credit resilience weakens with a worsening fundamental backdrop, our Head of Corporate Credit Research Andrew Sheets suggests investors reconsider ...
New Tariffs, New Patterns of Trade
27 Mar 2025
Contributed by Lukas
Our global economists Seth Carpenter and Rajeev Sibal discuss how global trade will need to realign in response to escalating U.S. tariff policy.Read ...
Is the Future of Food Fermented?
26 Mar 2025
Contributed by Lukas
Our European Sustainability Strategists Rachel Fletcher and Arushi Agarwal discuss how fermentation presents a new opportunity to tap into the alterna...
European Banks Spark Rising Investor Interest
25 Mar 2025
Contributed by Lukas
Our European Heads of Diversified Financials and Banks Research Bruce Hamilton and Alvaro Serrano discuss the biggest themes and debates from the rece...
Key Indicators of How Far Markets Could Rebound
24 Mar 2025
Contributed by Lukas
Our CIO and Chief U.S. equity strategist Mike Wilson discusses investors’ outlook following last week’s Fed meeting, and lists the key signals to ...
Investors Look Beyond U.S. for Opportunities
21 Mar 2025
Contributed by Lukas
Amid lower growth and inflation concerns in the US, investors have begun scouring international markets for other opportunities. Our analysts Andrew S...
Risks and Uncertainty in the Fed’s New Outlook
20 Mar 2025
Contributed by Lukas
Our Global Head of Macro Strategy Matthew Hornbach and Chief U.S. Economist Michael Gapen discuss the outcome of the recent FOMC meeting, and the outl...
Making a Bet on the Future of Betting
19 Mar 2025
Contributed by Lukas
Our analysts Michael Cyprys and Stephen Grambling discuss prediction markets’ rising popularity and how they could disrupt the U.S. sports betting i...
What Could Weaken Strong Credit
18 Mar 2025
Contributed by Lukas
Our Chief Fixed Income Strategist Vishy Tirupattur explains why credit markets have held firm amid macro volatility, and the scenarios which could hur...
Is the Correction Over Yet?
17 Mar 2025
Contributed by Lukas
Our CIO and Chief U.S. Equity Strategist Mike Wilson explains the stock market tumble and whether investors can hope for a rally.----- Transcript ----...
Credit Markets Remain Resilient, For Now
14 Mar 2025
Contributed by Lukas
As equity markets gyrate in response to unpredictable U.S. policy, credit has taken longer to respond. Our Head of Corporate Credit Research, Andrew S...
India’s Resurgence Should Weather Trade Tensions
13 Mar 2025
Contributed by Lukas
Our Chief Asia Economist Chetan Ahya discusses the early indications of India’s economic recovery and why the country looks best-positioned in the r...
The Other Policy Choices That Matter
12 Mar 2025
Contributed by Lukas
While tariffs continue to dominate headlines, our Global Head of Fixed Income Research and Public Policy Strategy Michael Zezas suggests investors sho...
The AI Agents Are Here
11 Mar 2025
Contributed by Lukas
Our analysts Adam Jonas and Michelle Weaver share a glimpse into the future from Morgan Stanley’s Annual Tech, Media, and Telecom (TMT) Conference, ...
Why Uncertainty Won't Slow AI Hardware Investment
10 Mar 2025
Contributed by Lukas
Our Head of U.S. IT Hardware Erik Woodring gives his key takeaways from Morgan Stanley’s Technology, Media and Telecom (TMT) conference, including w...
Rewiring Global Trade
07 Mar 2025
Contributed by Lukas
While policy noise continues to dominate the headlines, our Global Head of Fixed Income Research and Public Policy Strategy Michael Zezas points out a...
Funding the Next Phase of AI Development
06 Mar 2025
Contributed by Lukas
Recorded at our 2025 Technology, Media and Telecom (TMT) Conference, TMT Credit Research Analyst Lindsay Tyler joins Head of Investment...
Is There Too Much Focus on Fed’s Moves?
06 Mar 2025
Contributed by Lukas
While central bank policy will always matter for markets, our Head of Corporate Credit Research Andrew Sheets explains why investors should not be wor...