Wealth Management — June 27, 2023
Morgan Stanley Wealth Management Chief Investment Officer Lisa Shalett tells Bloomberg that high valuations and high expectations have left U.S. stocks vulnerable to a potential 10%–15% pullback. Looking at risk-adjusted returns, she highlights the need for rebalancing, with a preference for bonds.
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.
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