Thoughts on the Market

What Will Tariffs Do to the U.S. Dollar?

04 Mar 2025

Contributed by Lukas

Our U.S. Public Policy and Currency analysts, Ariana Salvatore and Andrew Watrous, discuss why the dollar fell at the beginning of the ...

Will GenAI Turn a Profit in 2025?

03 Mar 2025

Contributed by Lukas

Our Semiconductors and Software analysts Joe Moore and Keith Weiss dive into the biggest market debate around AI and why it’s likely to shape conver...

Searching for Signals in U.S. Policy Noise

28 Feb 2025

Contributed by Lukas

Our Global Head of Fixed Income Research and Public Policy Strategy explains why conflicting news on tariffs and government spending may point to a ca...

Shaky U.S. Consumer Confidence May Be a Leading Signal

27 Feb 2025

Contributed by Lukas

Two recent surveys indicate that U.S. consumer confidence has shown a notable decline amid talks about inflation and potential tariff. Our Head of Cor...

The Impact of Shifting Immigration Policy

26 Feb 2025

Contributed by Lukas

Our Chief U.S. Economist Michael Gapen discusses the possible economic implications of restrictive immigration policies in the U.S., highlighting thei...

Cruises Set Sail for Private Islands

25 Feb 2025

Contributed by Lukas

A shift to private destinations for cruise lines could affect both operators and guests by 2030. Our Europe Leisure & Travel analyst Jamie Rollo e...

What’s Behind the Recent Stock Tumble?

24 Feb 2025

Contributed by Lukas

Our CIO and Chief U.S. Equity Strategist Mike Wilson explains the challenges to growth for U.S. stocks and why some investors are looking to China and...

How a Potential Ukraine Peace Deal Could Impact Airlines

21 Feb 2025

Contributed by Lukas

Our Hong Kong/China Transportation & Infrastructure Analyst Qianlei Fan explores how a potential peace deal in Ukraine could reshape the global ai...

The Downside Risks of Reciprocal Tariffs

20 Feb 2025

Contributed by Lukas

Our Global Chief Economist Seth Carpenter explains the potential domino effect that President Trump’s reciprocal tariffs could have on the U.S. and ...

A Rollercoaster Housing Market

19 Feb 2025

Contributed by Lukas

Our co-heads of Securitized Products Research, James Egan and Jay Bacow, explain how the increase in home prices, a tight market supply and steady mor...

Finding Opportunity in an Uncertain U.S. Equity Market

18 Feb 2025

Contributed by Lukas

Our CIO and Chief U.S. Equity Strategy Mike Wilson suggests that stock, factor and sector selection remain key to portfolio performance.----- Transcri...

Trump 2.0 and the Potential Economic Impact of Immigration Policy

14 Feb 2025

Contributed by Lukas

Our Global Head of Fixed Income and Public Policy Research, Michael Zezas, joins our Chief U.S. Economist, Michael Gapen, to discuss the possible outc...

How Do Tariffs Affect Currencies?

13 Feb 2025

Contributed by Lukas

Our Head of Foreign Exchange & Emerging Markets Strategy James Lord discusses how much tariff-driven volatility investors can expect in ...

The Credit Upside of Market Uncertainty

12 Feb 2025

Contributed by Lukas

The down-to-the-deadline nature of Trump’s trade policy has created market uncertainty. Our Head of Corporate Credit Research Andrew Sheets points o...

The Rising Risk of Trade Tensions in Asia

11 Feb 2025

Contributed by Lukas

Our Chief Asia Economist Chetan Ahya discusses the potential impact of reciprocal U.S. tariffs on Asian economies, highlighting the key markets at ris...

Who Might Benefit From Trump’s Tax Policy Proposals?

10 Feb 2025

Contributed by Lukas

Global Head of Fixed Income and Public Policy Research Michael Zezas and Head of Global Evaluation, Accounting and Tax Todd Castagno discuss the marke...

The Disruption in the AI Market

07 Feb 2025

Contributed by Lukas

Our Chief Fixed Income Strategist Vishy Tirupattur thinks that efficiency gains from Chinese AI startup DeepSeek may drive incremental demand for AI.-...

Chinese Airlines Breaking Through Turbulence

06 Feb 2025

Contributed by Lukas

Our Hong Kong/China Transportation & Infrastructure Analyst Qianlei Fan explains why a resurgence in air travel is leading China’s emergence fro...

Trump 2.0 and the Latest on Tariffs

05 Feb 2025

Contributed by Lukas

Our Global Head of Fixed Income Research & Public Policy Strategy Michael Zezas discusses the potential economic outcomes of a shifting North Amer...

Trump 2.0 and the Future of Energy

04 Feb 2025

Contributed by Lukas

Our analysts Ariana Salvatore, Stephen Byrd and Devin McDermott discuss President Trump’s four executive orders around energy policy and how they co...

Tariffs and Tech Challenge Stocks

03 Feb 2025

Contributed by Lukas

Our CIO and Chief U.S. Equity Strategist Mike Wilson explains why U.S. stocks took a hit that is likely to sustain through the first half of 2025.----...

Big Debates: Who Will Be the Trade Winners Under Trump?

31 Jan 2025

Contributed by Lukas

Morgan Stanley Research analysts Michelle Weaver, Chris Snyder and Nik Lippmann discuss U.S.-Mexico trade and the future of reshoring and near-shoring...

Managing Fiscal Policy Uncertainty Under Trump 2.0

30 Jan 2025

Contributed by Lukas

Our Global Head of Fixed Income and Public Policy Research, Michael Zezas, and Global Head of Macro Strategy, Matt Hornbach, discuss how the Trump adm...

A Mixed Bag for Retail and Consumer Sectors

29 Jan 2025

Contributed by Lukas

Our Head of Corporate Credit Research and Head of Retail Consumer Credit discuss what choppy demand and tariff risk could mean for sectors that depend...

Will Trump’s Tariffs Reshape Asian Economies?

28 Jan 2025

Contributed by Lukas

Our Global Head of Fixed Income and Public Policy Research Michael Zezas and Chief Asia Economist Chetan Ahya discuss the potential impact of U.S. tar...

Europe’s Defense Dilemma

27 Jan 2025

Contributed by Lukas

Morgan Stanley Research looks at how the European defense industry might respond to military spending pressure from the Trump administration.----- Tra...

Have Markets Hit Peak Optimism?

24 Jan 2025

Contributed by Lukas

Our Head of Corporate Credit Research Andrew Sheets argues that while investor hopes are running high, corporate confidence isn’t.----- Transcript -...

Big Debates: How Will M&A and IPOs Drive Markets in 2025?

23 Jan 2025

Contributed by Lukas

Morgan Stanley Research analysts Michelle Weaver, Michael Cyprys and Ryan Kenny discuss the resurgence in capital markets activity and how sponsors mi...

Potential Economic Consequences of Trump’s Executive Orders

22 Jan 2025

Contributed by Lukas

On his first day in office, President Trump issued a series of executive orders, signaling his intent to deliver on campaign promises. Our Global Head...

Asia Outlook 2025: Three Critical Themes

21 Jan 2025

Contributed by Lukas

Our Chief Asia Economist Chetan Ahya discusses how tariffs, the power of the U.S. dollar, and the strength of domestic demand will determine Asia’s ...

The Surge in Bond Yields Likely Doesn’t Present Risk – Yet

17 Jan 2025

Contributed by Lukas

Government bond yields in the U.S. and Europe have risen sharply. Our Head of Corporate Credit Research Andrew Sheets explains why this surprising tre...

Should Drop in Fed Reserves Concern Investors?

16 Jan 2025

Contributed by Lukas

The Federal Reserve’s shrinking balance sheet could have far-reaching implications for the banking sector, money markets and monetary policy. Global...

Four Key Investment Themes for 2025

15 Jan 2025

Contributed by Lukas

Our Global Head of Fixed Income & Public Policy Research Michael Zezas discusses how Morgan Stanley’s key themes – deglobalization, longevity,...

Finding Opportunity in AI’s Evolution

14 Jan 2025

Contributed by Lukas

Our Global Head of Thematic Research Ed Stanley discusses how artificial intelligence is changing and what could be in store for investors in 2025.---...

Big Debates: The State of the Energy Transition

13 Jan 2025

Contributed by Lukas

In the latest edition of our Big Debates miniseries, Morgan Stanley Research analysts discuss the factors that will shape the global energy market in ...

Big Debates: The AI Evolution

10 Jan 2025

Contributed by Lukas

In the first of a special series, Morgan Stanley’s U.S. Thematic and Equity Strategist Michelle Weaver discusses new frontiers in artificial intelli...

2025: Setting Expectations

10 Jan 2025

Contributed by Lukas

Our Head of Corporate Credit Research, Andrew Sheets, offers up bull, bear and base cases for credit markets in the year ahead.----- Transcript -----W...

Market Implications of Trump’s Agenda

08 Jan 2025

Contributed by Lukas

With the inauguration of President-elect Donald Trump approaching, our Global Head of Fixed Income and Public Policy Research weighs the impact for in...

What Could Shape the Global Economy in 2025

07 Jan 2025

Contributed by Lukas

Our Global Chief Economist Seth Carpenter weighs the myriad variables which could impact global markets in 2025, and why this year may be the most unc...

Will 2024’s Weak Finish Extend into the New Year?

06 Jan 2025

Contributed by Lukas

Our CIO and Chief U.S. Equity Strategist Mike Wilson considers the year-end slump in U.S. stocks, and whether more market-friendly policies can change...

Lessons to Take Into 2025

03 Jan 2025

Contributed by Lukas

With the start of the new year, our Head of Corporate Credit Research Andrew Sheets looks back to look ahead at trends for credit and other markets in...

A Bumpy Road Ahead for Onshoring EVs

02 Jan 2025

Contributed by Lukas

Our Head of Global Autos & Shared Mobility Adam Jonas discusses why the electric vehicle market may see a small reset in 2025, but ultimately acce...

Special Encore: Will US Tariffs Drive Mexico Closer to China?

31 Dec 2024

Contributed by Lukas

Original Release Date November 22, 2024: Our US Public Policy Strategist Ariana Salvatore and Chief Latin America Equity Strategist Nikolaj Lippm...

Special Encore: Uncertainty Surrounds 2025 U.S. Equities Outlook

30 Dec 2024

Contributed by Lukas

Original Release Date November 26, 2024: Morgan Stanley’s CIO and Chief U.S. Equity Strategist Mike Wilson joins Andrew Pauker of the U.S. Equi...

Special Encore: A $10 Trillion Opportunity in US Reshoring

27 Dec 2024

Contributed by Lukas

Original Release Date October 25, 2024: After decades of offshoring, the pendulum for US manufacturing is swinging back toward domestic productio...

Special Encore: Housing, Currency Markets in Focus

26 Dec 2024

Contributed by Lukas

Original Release Date November 19, 2024: On the second part of a two-part roundtable, our panel gives its 2025 preview for the housing and mortga...

Special Encore: What’s Ahead for Markets in 2025?

24 Dec 2024

Contributed by Lukas

Original Release Date November 18, 2024: On the first part of a two-part roundtable, our panel discusses why the US is likely to see a slowdown a...

The Many Potential Policy Paths of Trump’s Second Term

23 Dec 2024

Contributed by Lukas

Our Global Head of Fixed Income and Thematic Research joins our U.S. Public Policy Strategist to give investors their policy expectations for Pre...

More Talk, Less Action Could Be Good for Credit Markets

20 Dec 2024

Contributed by Lukas

Our Head of Corporate Credit Research lists realistic scenarios for why credit could outperform expectations in 2025, despite some risks posed by poli...

Fed Signals Inflation Fight Isn’t Over

19 Dec 2024

Contributed by Lukas

Our Global Head of Macro Strategy joins our Chief U.S. Economist to discuss the Fed’s recent rate cut and why persistent inflation is likely to slow...

Banking on Deregulation

18 Dec 2024

Contributed by Lukas

Of all of the potential policy changes from the incoming U.S. presidential administration, deregulation could have the most significant impact on mark...

The Calm Before the Storm?

17 Dec 2024

Contributed by Lukas

Our Global Chief Economist explains why a predictable end to 2024 for central banks may give way to a tempestuous 2025.----- Transcript -----Welcome t...

How Investors Can Best Position for 2025

16 Dec 2024

Contributed by Lukas

Our CIO and Chief U.S. Equity Strategist recaps how equity markets have fared in 2024, and why they might look more conservative early in the new year...

Why the Airline Industry Could Take Off in 2025

13 Dec 2024

Contributed by Lukas

After an up-and-down 2024 for the U.S. airlines industry, our Freight Transportation & Airlines Analyst Ravi Shanker explains why he is bullish ab...

Could Private-Label Products Transform Retail?

12 Dec 2024

Contributed by Lukas

Our U.S. Retail Analyst Simeon Gutman discusses shoppers’ embrace of a private labels super cycle and how changing consumer behavior could fundament...

What Could Go Wrong for Corporate Credit?

11 Dec 2024

Contributed by Lukas

Our Head of Corporate Credit Research Andrew Sheets explains why corporate credit may struggle in 2025, including the risks of aggressive policy shift...

How Equity Markets Are Feeling About 2025

10 Dec 2024

Contributed by Lukas

Our CIO and Chief U.S. Equity Strategist says that while equity market activity suggests a measured level of optimism about 2025, the questions around...

How AI Is Revolutionizing Healthcare

09 Dec 2024

Contributed by Lukas

Morgan Stanley Research and Investment Management analysts discuss how AI can keep costs down for the industry and give patients a more personalized e...

A Very Merry Start to U.S. Holiday Shopping

06 Dec 2024

Contributed by Lukas

Morgan Stanley Research analysts see a strong start following Black Friday but question whether the short shopping season will hurt retailers.----- Tr...

AI as a Second Set of Eyes

05 Dec 2024

Contributed by Lukas

Our Europe MedTech Analyst digs into the transformational impact of AI-driven diagnostic imaging on healthcare systems.----- Transcript -----Welcome t...

What Investors Should Know About Trump’s Tariffs

04 Dec 2024

Contributed by Lukas

Our Global Head of Fixed Income and Thematic Research explains why President-elect Trump’s proposed tariff plans may look different than the policie...

Private vs. Public Credit Competition Intensifies

04 Dec 2024

Contributed by Lukas

Our Chief Fixed Income Strategist Vishy Tirupattur and Leveraged Finance Strategist Joyce Jiang discuss how the dynamic between private and public cre...

Will 2025 Be a Turning Point for Credit?

02 Dec 2024

Contributed by Lukas

Our Head of Corporate Credit Research Andrew Sheets recaps an exceptional year for credit — but explains why 2025 could be a more challenging year f...

Special Encore: The Beginning of an M&A Boom?

29 Nov 2024

Contributed by Lukas

Original Release Date November 15, 2024: Our head of Corporate Credit Research Andrew Sheets explains why a stronger economy, moderate inflation and f...

Special Encore: How Young People Think About Money

27 Nov 2024

Contributed by Lukas

Original Release Date November 1, 2024: Our US Fintech and Payments analyst reviews a recent survey that reveals key trends on how Gen Z and Millennia...

Uncertainty Surrounds 2025 U.S. Equities Outlook

26 Nov 2024

Contributed by Lukas

Morgan Stanley’s CIO and Chief U.S. Equity Strategist Mike Wilson joins Andrew Pauker of the U.S. Equity Strategy team to break down the key issues ...

US Holiday Shoppers Spend More on Smaller Items

25 Nov 2024

Contributed by Lukas

As Black Friday approaches, our US Thematic and Equity Strategist Michelle Weaver explains why some US consumers will increase their spending and whic...

Will US Tariffs Drive Mexico Closer to China?

22 Nov 2024

Contributed by Lukas

Our US Public Policy Strategist Ariana Salvatore and Chief Latin America Equity Strategist Nikolaj Lippmann discuss what Trump’s victory could mean ...

Is This the Future of Clean Energy Under Trump 2.0?

21 Nov 2024

Contributed by Lukas

Our Sustainability analysts Stephen Byrd and Laura Sanchez discuss the range of impacts that the Republican sweep may have on energy policy and the ES...

Is Clean Power at a Tipping Point in Asia?

20 Nov 2024

Contributed by Lukas

Our South Asia Energy Analyst Mayank Maheshwari discusses the main drivers behind a shifting electric power landscape in his outlook for Asi...

Global Outlook: Housing, Currency Markets in Focus

19 Nov 2024

Contributed by Lukas

On the second part of a two-part roundtable, our panel gives its 2025 preview for the housing and mortgage landscape, the US Treasury yield curve and ...

Global Outlook: What’s Ahead for Markets in 2025?

18 Nov 2024

Contributed by Lukas

On the first part of a two-part roundtable, our panel discusses why the US is likely to see a slowdown and where investors can look for growth.----- T...

The Beginning of an M&A Boom?

15 Nov 2024

Contributed by Lukas

Our head of Corporate Credit Research Andrew Sheets explains why a stronger economy, moderate inflation and future rate cuts could prompt deal-making....

Decoding Signals Following the US Election

14 Nov 2024

Contributed by Lukas

While the market waits for the incoming Trump administration to present its policy agenda, our Global Head of Fixed Income and Thematic Research Micha...

US Elections: Lessons From the UK

13 Nov 2024

Contributed by Lukas

As President-Elect Trump’s new administration takes shape, all eyes are on fiscal policy that may follow. Our Global Chief Economist Seth Carpenter ...

Will Tariffs Dampen Asia’s Economic Growth?

12 Nov 2024

Contributed by Lukas

Our Chief Asia Economist Chetan Ahya discusses the potential impact of tariffs on China and other Asian countries following the US election.----- Tran...

Pricing In the Likely Republican Sweep

11 Nov 2024

Contributed by Lukas

With the Republican party poised to clinch control of the White House and Congress, our CIO and Chief US Equity Strategist says markets are ...

Investor Expectations After the US Election

08 Nov 2024

Contributed by Lukas

Our head of Corporate Credit Research Andrew Sheets provides an overview of uncertainty around policy following the election of a Republican administr...

Taking the Pulse of the US Consumer

07 Nov 2024

Contributed by Lukas

Our panel of analysts discusses the health of the US consumer through the lens of spending, credit use and home ownership. ----- Transcript -----...

After Trump Win, Where Do Markets Move from Here?

06 Nov 2024

Contributed by Lukas

With a second Trump term at least partially reflected in the price of global markets, we focus on two key debates for the longer-term: Potential tarif...

Why Are Users and Investors Breaking Up with Online Dating?

05 Nov 2024

Contributed by Lukas

Analyst Nathan Feather discusses why the online dating market is slowing down, and whether or not it can get back on track.----- Transcript ...

US Elections: Weighing the Options

05 Nov 2024

Contributed by Lukas

On the eve of a competitive US election, our CIO and Chief US Equity Strategist joins our head of Corporate Credit Research and Chief Fixed Income Str...

How Young People Think About Money

01 Nov 2024

Contributed by Lukas

Our US Fintech and Payments analyst reviews a recent survey that reveals key trends on how Gen Z and Millennials handle their personal finances.----- ...

A Global Credit Tour

31 Oct 2024

Contributed by Lukas

With the US election as a backdrop, our Head of Corporate Credit Research Andrew Sheets tells three stories that help encapsulate the state of global ...

US Election: Waiting Out a Close Race

30 Oct 2024

Contributed by Lukas

Our Global Head of Fixed Income and Thematic Research, Michael Zezas, outlines how investors should navigate the closing days of the presidential camp...

The U.S. Election and Tax Policy

29 Oct 2024

Contributed by Lukas

Our U.S. Public Policy and Valuation, Accounting & Tax strategists assess the possible scenarios in the upcoming elections, and what the...

Markets Uncertain Ahead of U.S. Election

28 Oct 2024

Contributed by Lukas

As the U.S. presidential race continues to be neck and neck according to opinion polls, our Chief Fixed Income Strategist considers the possible marke...

A $10 Trillion Opportunity in US Reshoring

25 Oct 2024

Contributed by Lukas

After decades of offshoring, the pendulum for US manufacturing is swinging back toward domestic production. Our US Multi-Industry Analyst Chris Snyder...

Retirement in the Age of Higher Life Expectancy

24 Oct 2024

Contributed by Lukas

Morgan Stanley’s European Head of Research Product Paul Walsh speaks to Betsy Graseck, Global Head of Banks and Diversified Finance, and Bruce Hamil...

Europe’s Demographic Dilemma

23 Oct 2024

Contributed by Lukas

Our Chief Europe Economist Jens Eisenschmidt and Europe Equity Strategist Regiane Yamanari discuss the strain of an aging population on the future of ...

Mind Meets Machine in Brain-Computer Interfaces

22 Oct 2024

Contributed by Lukas

Our Medical Technology expert analyzes the medical potential and market opportunity in technology that allows direct communication between the human b...

What’s Boosting Cyclical Stocks?

22 Oct 2024

Contributed by Lukas

Our CIO and Chief U.S. Equity Strategist explains his preference for cyclical stocks amid a rise in global money supply and current US election d...

How the US Election Could Upset Credit Markets

18 Oct 2024

Contributed by Lukas

Our Head of Corporate Credit Research Andrew Sheets discusses why uncertainty around the election’s outcome could be detrimental for credit investor...

Could the US Election Reshape the Energy Sector?

17 Oct 2024

Contributed by Lukas

Our expert panel explains whether the US election will impact energy policy, including how the Inflation Reduction Act’s possible fate and increased...

What Does The Fed Rate Cut Mean For Mortgages?

16 Oct 2024

Contributed by Lukas

Mortgage rates aren’t directly influenced by Federal Reserve policy. However, the Fed’s recent cut likely will have a domino effect on the US hous...

South Korea’s ‘Super-Aging’ Challenge

15 Oct 2024

Contributed by Lukas

Our Chief Korea and Taiwan Economist discusses the reforms needed to overcome Korea’s urgent demographic crisis.----- Transcript -----Welcome to Tho...

Markets Spin Toward Cyclicals

14 Oct 2024

Contributed by Lukas

A slump in tech stocks may explain the market rotation – but it’s the earnings season that investors need to watch, says CIO and Chief US Equity S...

US Economy: What Could Go Wrong

11 Oct 2024

Contributed by Lukas

Our Head of Corporate Credit Research and Global Chief Economist explain why they’re watching the consumer savings rate, tariffs and capital expendi...

How Safe is AI?

10 Oct 2024

Contributed by Lukas

Mike Canfield, Morgan Stanley’s Head of Europe Sustainability Research, discusses why ensuring safe and responsible artificial intelligence is essen...

US Elections: The Outlook For Asia

09 Oct 2024

Contributed by Lukas

Our Global Head of Fixed Income and Thematic Research Michael Zezas and Chief Asia Economist Chetan Ahya discuss how the upcoming US elections might i...