Wealth Management — April 3, 2023
On CNBC, Wealth Management’s Lisa Shalett explains why the economy is unlikely to get back down to 2% inflation without some pain for companies and investors. The reason: While markets are up on stronger-than-expected economic data, falling inflation means companies are losing pricing power and face a “profits recession,” even if the economy stays positive, creating a significant downside to earnings.
Lisa Shalett is Morgan Stanley Wealth Management’s chief investment officer, a member of the Global Investment Committee and a regular contributor to CNBC, Bloomberg and other financial news outlets, where she helps sift the signal from the noise.
Visit Wealth Management Portfolio Insights for more market commentary and insights from Lisa and her team at Morgan Stanley.