Wealth Management — October 24, 2023
Investors need to pay close attention to equity price-earnings (P/E) multiples when interest rates are this high, Morgan Stanley Wealth Management Chief Investment Officer Lisa Shalett tells CNBC. For example, it’s difficult for a stock with a P/E ratio of 20x to compete with a potentially safer bond with a 5% interest rate.
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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