Chief Investment Officer Mike Wilson says late cycle rallies tend to favor secular growth and defensive stocks. But what happens when even they become too expensive?
Each week, Mike Wilson, or a member of his team, offers perspective on the forces shaping the markets and how to separate the signal from the noise. Listen to this week's update.
Thoughts on the Market is also available on Amazon's Alexa. Just ask Alexa to "Enable Morgan Stanley" or to "Add Morgan Stanley to my Flash Briefing."
For more about our Alexa skill, visit www.morganstanley.com/alexa
For more Ideas, visit www.morganstanley.com/ideas