Lisa Shalett on CNBC: Mind the Multiples

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.

                                                        Watch the Video (Starting at 2:40)

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.