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carons-corner audio
Caron's Corner  •  Sep 20, 2023  •  9:43 Min

FOMC Recap: A Hawkish Fed - Good for Inflation but Bad for Markets? 

Jim Caron
Jim Caron, Co-Lead Global Portfolio Manager and Co-Chief Investment Officer, Global Balanced Risk Control Team, shares his macro thematic views on key market drivers.

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Insight Article  •  Sep 20, 2023

The Nuclear Revival: Embracing a Clean, Reliable and Safe Source of Energy 

Steven Quattry
Given the challenges of achieving “net zero” through the current global energy mix, nuclear is expected to become a more favored alternative and play a key role in a coordinated global energy transition.

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Insight audio  •  Sep 15, 2023  •  6:44 Min

Municipal Update with John Dillon 

Fixed Income Managed Solutions
John Dillon, Lead Municipal Portfolio Manager, Fixed Income Managed Solutions Team, discusses trends and opportunities in the municipal markets. Listen now.

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Takeaways & Key Expectations  •  Sep 13, 2023

Equity Market Commentary - September 2023 

Andrew Slimmon
In his September TAKE, Senior Portfolio Manager Andrew Slimmon presents thoughts about what could be ahead for equities as the market heads into the last quarter of the year.

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Caron's Corner  •  Sep 11, 2023  •  8:29 Min

The R-Stars Align for Higher Dots: Allocating Global Assets Accordingly 

Jim Caron
Jim Caron, Co-Lead Global Portfolio Manager and Co-Chief Investment Officer, Global Balanced Risk Control Team, shares his macro thematic views on key market drivers.

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Insight Article  •  Sep 07, 2023

How Higher Yields and Growing Alpha Opportunities May Lift Hedge Funds 

AIP Hedge Fund Team
The MSIM Hedge Fund Team explores the ways in which hedge funds may directly benefit from a higher cash yield environment making them compelling options as sources of returns and diversification.

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Market Monitor  •  Sep 07, 2023

Market Monitor – September 2023 

Get a quick overview and dive into market data with our comprehensive, visual review of global economic and asset class performance presented in charts and graphs.

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Market Pulse  •  Sep 07, 2023  •  16:11 Min

Fixed Income Update with Kevin Lynyak 

Kevin Lynyak
Kevin Lynyak, Head of Fixed Income Managed Solutions and Lead Fixed Income Portfolio Manager, discusses trends, risks and opportunities in the fixed income markets. Listen now.

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Insight audio  •  Sep 05, 2023  •  7:10 Min

Municipal Update with John Dillon 

Fixed Income Managed Solutions
John Dillon, Lead Municipal Portfolio Manager, Fixed Income Managed Solutions Team, discusses trends and opportunities in the municipal markets. Listen now.

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path page
PATH  •  Sep 05, 2023

Hard Walk Towards a Soft Landing 

Andrew Harmstone, Jim Caron
A hawkish Fed appears more concerned with bringing inflation down, than the prospect of recession. With a cooling labour market, slowing conditions, but consumers still appearing resilient, we believe we are taking a hard walk towards a soft landing.

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sustainable-investing page
Sustainable Investing  •  Sep 01, 2023

Fixed Income Engagement Strategy: Integrated, Insightful, Influential 

Barbara Calvi, Anuj Gulati
As active asset managers with a focus on long-term value creation and responsible stewardship, effective engagement is a critical part of our investment process and fiduciary obligations.

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Global Fixed Income Bulletin  •  Sep 01, 2023

Higher for longer, yes, but not much higher 

Fixed Income Team
The Broad Markets Fixed Income team explains why they believe we are still close to the end of the rate hiking cycle, but why rates may remain range bound until the data proves otherwise.

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sustainable-investing page
Sustainable Investing  •  Aug 31, 2023

Unlocking the Value of Nature through Partnership, Technology & Finance 

Navindu Katugampola
Approximately 50% of global GDP is dependent in some shape or form on nature, but as nature is being depleted we face the loss of an estimated $10 trillion worth of economic reward by 2050. Navindu Katugampola, Global Head of Sustainability at Morgan Stanley Investment Management, spoke with Nik Sekhran, Chief Conservation Officer of the WWF, about the role of investors and asset managers. Read the key takeaways here.

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sustainable-investing page
Sustainable Investing  •  Aug 31, 2023

Sustainable Logistics and Decarbonizing Real Estate Efforts Across the Globe 

Laurel Durkay
Head of Global Listed Real Assets, Laurel Durkay, shares her insights on environmental, social, and governance factors across real estate sectors and geographies at Morgan Stanley’s Sustainable Finance Summit.

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sustainable-investing page
Sustainable Investing  •  Aug 31, 2023

Data and Disclosure: The Current Challenges with Greenhouse Gas Emissions Data 

Varun Mehta and Andrew Ford
Greenhouse gas emissions data, especially for Scope 3, isn’t where it needs to be. At Morgan Stanley’s Sustainable Finance Summit, Varun Mehta, Head of Investment Management Sustainability Data & Technology, discussed with his panellists GHG data’s challenges and outlook.

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Tales From the Emerging World  •  Aug 29, 2023

Global Real Estate: One Size Doesn't Fit All 

Jitania Kandhari, Audrey Muhirwa
While U.S. residential market dynamics are favorable with strong employment and low loan delinquencies, real estate in other developed economies faces vulnerabilities. China’s struggling property market remains a drag on its economy, but in many other emerging economies increased affordability, shifts in global trade and limited supply will create opportunities explains Jitania Kandhari, Head of Macro & Thematic Research, Emerging Markets Equity Team.

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Caron's Corner  •  Aug 28, 2023  •  7:54 Min

A Hawkish Hold? Our Asset Allocation Decisions Amid Cloudy Skies 

Jim Caron
Jim Caron, Co-Lead Global Portfolio Manager and Co-Chief Investment Officer, Global Balanced Risk Control Team, shares his macro thematic views on key market drivers.

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Global Equity Observer  •  Aug 28, 2023

Good Things Come to Those Who Wait: An Argument for Long-term Thinking 

William Lock, Annabel Stanford
While society may be driven by immediate rewards, the International Equity team would argue that patience in investing leads to enduring results and positive long-term investment outcomes.

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Caron's Corner  •  Aug 21, 2023  •  6:14 Min

From Jackson Hole to the Rabbit Hole: Is a Recession in the Cards? 

Jim Caron
Jim Caron, Co-Lead Global Portfolio Manager and Co-Chief Investment Officer, Global Balanced Risk Control Team, shares his macro thematic views on key market drivers.

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Insight audio  •  Aug 18, 2023  •  6:12 Min

Municipal Update with John Dillon 

Fixed Income Managed Solutions
John Dillon, Lead Municipal Portfolio Manager, Fixed Income Managed Solutions Team, discusses trends and opportunities in the municipal markets. Listen now.

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Insight Article  •  Aug 18, 2023

Investment Outlook for Indian Retailers 

Vishal Gupta, Ritesh Gupta
Indian retail is not a single, homogeneous market but an array of hundreds of smaller markets with differing local tastes. The Emerging Market Leaders team takes a look at the keys to success.

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Takeaways & Key Expectations  •  Aug 14, 2023

Equity Market Commentary - August 2023 

Andrew Slimmon
Responding to questions from those on the front lines, in his August TAKE, Senior Portfolio Manager Andrew Slimmon shares his thoughts for what could be ahead for the equity markets.

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EDGE  •  Aug 09, 2023

Disruptive Change Research 

Counterpoint Global
Counterpoint Global looks back across almost two decades of dedicated research on disruption—and the ways it reinforces our long-term mindset, helps us manage risk and reduce errors of omission. Diving into studies of digital advertising, cloud computing and the approaching wave of AI, the team reviews both how we approach disruptive change research and how that research has benefited Counterpoint Global in capitalizing on unique investment opportunities.

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Caron's Corner  •  Aug 07, 2023  •  7:15 Min

An Age-Old Question: Can the Market Handle Higher Bond Yields? 

Jim Caron
Jim Caron, Co-Lead Global Portfolio Manager and Co-Chief Investment Officer, Global Balanced Risk Control Team, shares his macro thematic views on key market drivers.

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PATH  •  Aug 07, 2023

Managing assets through higher rates 

Andrew Harmstone, Jim Caron
It may very well be the beginning of the end of the hiking cycle, as inflation continues to ease. However, we remain nimble and well-positioned to manage fat tail risks. Read here what it means for our portfolios.

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Market Monitor  •  Aug 04, 2023

Market Monitor – August 2023 

Get a quick overview and dive into market data with our comprehensive, visual review of global economic and asset class performance presented in charts and graphs.

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Tales From the Emerging World  •  Aug 03, 2023

Nigeria's New Dawn? 

Steve Quattry
Nigeria's new reform minded president looks to accelerate economic growth for Africa's largest economy, leading to investment opportunities targeting the rising consumer.

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page
Insight Article  •  Aug 02, 2023

The Intersection of Virtual and Reality: Real Assets Benefit from Advancements in Artificial Intelligence 

Laurel Durkay
Data centers have benefitted significantly over the past two decades given the exponential growth in data. The advent of artificial intelligence is set to drive demand even further creating compelling investment opportunities in the REITs market.

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Market Monitor  •  Aug 02, 2023

Credit Market Monitor – Q2 2023 

Multi-Asset Credit Team
Analysis of global credit markets and where we see future opportunities.

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Global Fixed Income Bulletin  •  Jul 31, 2023

We’re All Data Dependent Now 

Fixed Income Team
U.S. recession risk keeps receding, with many analysts, including the Fed research staff, now saying the highest probability scenario is no recession at all. But, despite this increased optimism, inflation has been behaving well. The Broad Markets Fixed Income team explains why this can be good for financial assets in their monthly outlook.

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Global Multi-Asset Viewpoint  •  Jul 31, 2023

Has Japan Finally Exited Deflation? 

Cyril Moulle-Berteaux, Sergei Parmenov
MSIM's Global Multi-Asset Team discusses their investment perspective in the latest viewpoint: "Has Japan Finally Exited Deflation?"

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global-equity-observer page
Global Equity Observer  •  Jul 31, 2023

Compounding Through the Hype 

Bruno Paulson, Emma Broderick
As artificial intelligence enters its next chapter, the early winners of the “AI gold rush” have been the semiconductor and cloud computing providers. But the surge in generative AI also included two surprises: the speed of consumer adoption and the lack of barriers to entry. While the full impact of AI remains unclear, the International Equity Team continues to invest through its high-quality lens, focusing on further opportunities in cost reduction and value creation, and with an eye on risks.

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sustainable-investing engagement-report page
Engagement Report  •  Jul 27, 2023

Engage Summer 2023 

Marte Borhaug
The latest edition of Engage, the International Equity Team’s semi-annual update on their ESG engagement activity.

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page
Insight Article  •  Jul 27, 2023

How Multi-Manager Platforms Find Strength in Numbers 

AIP Hedge Fund Team
In recent years, multi-manager platforms (Multi-PMs) have completely transformed the hedge fund world. In this FAQ, we answer fundamental questions about these Multi-PMs. What are they and why are they attracting so many investors?

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Caron's Corner  •  Jul 26, 2023  •  6:12 Min

Fed Recap: We Are All Now Data Dependent – Choppy Markets Ahead 

Jim Caron
Jim Caron, Co-Lead Global Portfolio Manager and Co-Chief Investment Officer, Global Balanced Risk Control Team, shares his macro thematic views on key market drivers.

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Market Alert  •  Jul 26, 2023  •  7:10 Min

Market Alert with Andrew Slimmon 

Andrew Slimmon
Andrew Slimmon, Head of the Applied Equity Advisors Team, offers a timely perspective on what is shaping the markets now as well as insights on investment opportunities and risk within global equities. Listen to his Market Alert.

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Insight Article  •  Jul 26, 2023

What are Avoided Emissions, and Why Should Companies and Investors Care? 

Vikram Raju, Adam Ross
In this piece, Vikram Raju, Head of Climate Investing for Morgan Stanley Private Credit and Equity, and Adam Ross, Principal on the 1GT Team, define Avoided Emissions, and why they play a crucial role in the path to net-zero.

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Consilient Observer  •  Jul 25, 2023

Birth, Death, and Wealth Creation 

Michael Mauboussin, Dan Callahan
We examine the demographics of public companies and their patterns of wealth creation. We focus on the last half century in the U.S. and review the “births” and “deaths” of public companies. We also discuss changes in market composition. Nearly 60 percent of companies have failed to create value, and 2 percent have created 90 percent of the aggregate wealth. This suggests two strategies for portfolio construction: seek broad diversification or aim to own the wealth creators.

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big-picture page
The Big Picture  •  Jul 25, 2023

China's Past, Present and Future 

Jitania Kandhari
A closer look at China’s past, present and future, its transition from poverty under Marxist policies to the global powerhouse it is today, and its ongoing attempt to navigate the complex intersection of economic, technological and geopolitical realities to achieve its goals. Jitania Kandhari, Deputy CIO, Solutions & Multi Asset Group, explores.

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carons-corner audio
Caron's Corner  •  Jul 24, 2023  •  6:18 Min

Potential Surprises? The Fed, ECB and BOJ Policy Meetings this Week 

Jim Caron
Jim Caron, Co-Lead Global Portfolio Manager and Co-Chief Investment Officer, Global Balanced Risk Control Team, shares his macro thematic views on key market drivers.

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Insight Audio  •  Jul 18, 2023  •  53:47 Min

Listen to Vikram Raju on the My Climate Journey Podcast 

Vikram Raju
In this piece, Vikram Raju, Head of Climate Investing for Morgan Stanley Private Credit and Equity, and Adam Ross, Principal on the 1GT Team, define Avoided Emissions, and why they play a crucial role in the path to net-zero.

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Caron's Corner  •  Jul 17, 2023  •  5:51 Min

You’re In Good Shape for the Shape You Are In? Yield Curve vs. Recession 

Jim Caron
Jim Caron, Co-Lead Global Portfolio Manager and Co-Chief Investment Officer, Global Balanced Risk Control Team, shares his macro thematic views on key market drivers.

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Global Fixed Income Bulletin  •  Jul 14, 2023

Are we there yet? 

Fixed Income Team
Crunch time will arrive later in 2023 as the cumulative effects of central bank tightening continue to bite and residual strength from pandemic fiscal policy support wanes if not disappears. Recession risks remain, but in our view, remain overblown.

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Insight Article  •  Jul 12, 2023

Institutional Real Estate, Inc.'s "FTSE Nareit U.S. Real Estate Indexes in Review & What's Next" 

Laurel Durkay
Head of Global Listed Real Assets Laurel Durkay, CFA, joined Nareit's John Worth, Executive Vice President of Research and Investor Outreach, to discuss second quarter 2023 U.S. REIT performance and upcoming trends to help viewers benchmark and analyze exposure. The one-hour webinar was moderated by Mike Consol, Senior Editor of Real Assets Adviser, and hosted by Nareit and Institutional Real Estate, Inc.

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Market Monitor  •  Jul 11, 2023

Emerging Markets Debt Monitor – Q2 2023 

Emerging Markets Debt Team
In-depth review of fundamentals and valuations across emerging markets debt.

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Market Monitor  •  Jul 11, 2023

Floating-Rate Loan Market Monitor – Q2 2023 

Floating-Rate Loan Group
Insight on loan market fundamentals and the role of floating-rate loans within portfolios.

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Caron's Corner  •  Jul 10, 2023  •  6:29 Min

In Through the Out Door: Does the Market have it Backwards? 

Jim Caron
Jim Caron, Co-Lead Global Portfolio Manager and Co-Chief Investment Officer, Global Balanced Risk Control Team, shares his macro thematic views on key market drivers.

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Insight audio  •  Jul 07, 2023  •  7:18 Min

Municipal Update with John Dillon 

Fixed Income Managed Solutions
John Dillon, Lead Municipal Portfolio Manager, Fixed Income Managed Solutions Team, discusses trends and opportunities in the municipal markets. Listen now.

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path page
PATH  •  Jul 06, 2023

Precursors to a soft landing 

Andrew Harmstone, Jim Caron
Based on a slowing but resilient labour market and a policy stance that is more accommodative than tight relative to inflation, we increasingly expect a soft landing. See how we’re adjusting our tactical positioning in response.

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Market Monitor  •  Jul 06, 2023

Market Monitor – July 2023 

Get a quick overview and dive into market data with our comprehensive, visual review of global economic and asset class performance presented in charts and graphs.

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Insight Article  •  Jul 03, 2023

When Is a Portfolio Efficient Enough? Evaluating Alternative Betas 

Andrew Harmstone, Jim Caron
Now that a 40-year period of declining interest rates has abruptly ended, investors are evaluating alternative means of creating efficient portfolios with more stable returns. Andrew Harmstone and Jim Caron explore.

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global-equity-observer page
Global Equity Observer  •  Jun 29, 2023

To Buy or Not to Buy 

Marcus Watson and Richard Perrott
In the world of M&A, not all acquirers are equal. The International Equity Team is cautious of M&A, typically a high-risk choice for a company’s capital allocation. But there are companies out there—some of which they own—with a track record of relatively low-risk acquisitions that add meaningfully to shareholder returns. Good acquirers are a rare breed, but there are common characteristics to their strategies that suggest it is a repeatable process.

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Caron's Corner  •  Jun 26, 2023  •  7:17 Min

2H 2023 Outlook: From Whatever it Takes to Whenever it Breaks? 

Jim Caron
Jim Caron, Co-Lead Global Portfolio Manager and Co-Chief Investment Officer, Global Balanced Risk Control Team, shares his macro thematic views on key market drivers.

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Insight audio  •  Jun 23, 2023  •  7:40 Min

Municipal Update with John Dillon 

Fixed Income Managed Solutions
John Dillon, Lead Municipal Portfolio Manager, Fixed Income Managed Solutions Team, discusses trends and opportunities in the municipal markets. Listen now.

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Insight Article  •  Jun 22, 2023

Private Credit Perspectives: Q&A with Jeff Levin and Mark Jochims of Morgan Stanley Private Credit (MSPC) 

Jeff Levin, Mark Jochims
Appetite for opportunities in private debt investing has been on the rise. In this dialogue, members of Morgan Stanley Investment Management’s Private Credit leadership team, Jeff Levin and Mark Jochims, offer their perspective on the market.

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market-pulse audio
Market Pulse  •  Jun 21, 2023  •  13:27 Min

Fixed Income Update with Kevin Lynyak 

Kevin Lynyak
Kevin Lynyak, Head of Fixed Income Managed Solutions and Lead Fixed Income Portfolio Manager, discusses trends, risks and opportunities in the fixed income markets. Listen now.

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Insight Article  •  Jun 20, 2023

Hands-On Operational Improvement Key to Creating Alpha in the Middle Market 

Aaron Sack, Patrick Whitehead
The middle-market private equity landscape has evolved significantly in the past decade. An increasing number of investors, a larger pool of capital and a fixed supply of top-quality companies have combined to drive up asset values, placing greater importance on the ability to drive true alpha. Aaron Sack and Patrick Whitehead explain.

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Insight Video  •  Jun 16, 2023

The Power of Resilience 

International Equity
Adding resilience to your portfolio means letting the companies you hold work for you. Learn how the International Equity team seeks to identify companies with earnings resilience and why this matters for long-term investors.

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Takeaways & Key Expectations  •  Jun 15, 2023

Equity Market Commentary - June 2023 

Andrew Slimmon
In his June TAKE, Senior Portfolio Manager Andrew Slimmon presents helpful thoughts for now what happens to equities.

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global-multi-asset-viewpoint page
Global Multi-Asset Viewpoint  •  Jun 15, 2023

The Five Forces of Secular Inflation 

Cyril Moulle-Berteaux, Sergei Parmenov
MSIM's Global Multi-Asset Team discusses their investment perspective in the latest viewpoint: “The Five Forces of Secular Inflation"

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Global Fixed Income Bulletin  •  Jun 14, 2023

Underpromise and Overdeliver  

Fixed Income Team
Expectations for the month of May were set low for the U.S. economy, but even with all the volatility during the month, the U.S. economy appeared to come out stronger. The Broad Markets Fixed Income team explores.

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Caron's Corner  •  Jun 12, 2023  •  8:32 Min

The Balance of Risks Tips to Easier, not Tighter, Policy 

Jim Caron
Jim Caron, Co-Lead Global Portfolio Manager and Co-Chief Investment Officer, Global Balanced Risk Control Team, shares his macro thematic views on key market drivers.

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Insight audio  •  Jun 09, 2023  •  8:15 Min

Municipal Update with John Dillon 

Fixed Income Managed Solutions
John Dillon, Lead Municipal Portfolio Manager, Fixed Income Managed Solutions Team, discusses trends and opportunities in the municipal markets. Listen now.

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Insight Article  •  Jun 07, 2023

Looking Beyond Private Equity Secondary Markets 

Jarrod Quigley
Secondary markets for hedge funds and private credit can offer compelling returns and important risk mitigation benefits.

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consilient-observer page
Consilient Observer  •  Jun 06, 2023

ROIC and the Investment Process 

Michael Mauboussin, Dan Callahan
This report extends our analysis of the ROICs for public companies in the U.S. and updates the data to cover the years 1990 to 2022. We start by providing the latest ROIC figures, then examine the link between changes in ROICs and total shareholder returns (TSRs), and finish by reviewing elements of competitive strategy as well as persistence of ROIC by sector.

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Market Monitor  •  Jun 06, 2023

Market Monitor – June 2023 

Get a quick overview and dive into market data with our comprehensive, visual review of global economic and asset class performance presented in charts and graphs.

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Caron's Corner  •  Jun 05, 2023  •  7:30 Min

You Must Ask the Right Questions to Find the Best Answer 

Jim Caron
Jim Caron, Co-Lead Global Portfolio Manager and Co-Chief Investment Officer, Global Balanced Risk Control Team, shares his macro thematic views on key market drivers.

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PATH  •  Jun 05, 2023

Markets Break Through the Debt Ceiling 

Andrew Harmstone, Jim Caron
A debt ceiling deal that is likely to lead to fiscal tightening has long-term risks. However, defensive positioning or "waiting" for a recession can be costly. In such an environment, we believe it is better to be balanced than defensive.

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Global Equity Observer  •  May 31, 2023

Building Resilience with Quality Capital Allocation 

Alistair Corden-Lloyd
The resilience to navigate the sorts of global challenges we’ve seen over the last few years requires quality capital allocations. We’ve seen remarkable resilience in our holdings because the companies we look for exhibit deep, wide and well-managed economic moats that protect and grow market share, sustain or improve profitability, and potentially deliver attractive long-term returns. But maintaining those moats requires sustained investment in the unique attributes of the company’s offerings.

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Caron's Corner  •  May 30, 2023  •  10:02 Min

Debt Ceiling Theatre vs. Drama: What to Watch for Next in Markets 

Jim Caron
Jim Caron, Co-Lead Global Portfolio Manager and Co-Chief Investment Officer, Global Balanced Risk Control Team, shares his macro thematic views on key market drivers.

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Insight audio  •  May 26, 2023  •  8:26 Min

Municipal Update with John Dillon 

Fixed Income Managed Solutions
John Dillon, Lead Municipal Portfolio Manager, Fixed Income Managed Solutions Team, discusses trends and opportunities in the municipal markets. Listen now.

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Tales From the Emerging World  •  May 24, 2023

Brazil at a Turning Point 

Paul Psaila, Uday Tharar
Brazil’s president Lula has unveiled ambitious spending plans to appease his supporters, but we believe he will moderate his tone and embrace responsible economic policies to manage the fiscal policy and allow the central bank to start cutting rates.

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Caron's Corner  •  May 22, 2023  •  8:08 Min

The Markets Have Been Disappointing to the Upside, Presenting a Unique Set of Risks 

Jim Caron
Jim Caron, Co-Lead Global Portfolio Manager and Co-Chief Investment Officer, Global Balanced Risk Control Team, shares his macro thematic views on key market drivers.

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Market Alert  •  May 16, 2023  •  6:40 Min

Market Alert with Andrew Slimmon 

Andrew Slimmon
Andrew Slimmon, Head of the Applied Equity Advisors Team, offers a timely perspective on what is shaping the markets now as well as insights on investment opportunities and risk within global equities. Listen to his Market Alert.

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Global Fixed Income Bulletin  •  May 15, 2023

Is the Tide Turning? 

Fixed Income Team
After the woes of March, investors were gifted with a relatively mellow month in April. Yet given continued uncertainty, the Fixed Income Team recommends remaining flexible.

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Insight audio  •  May 12, 2023  •  06:27 Min

Municipal Update with John Dillon 

Fixed Income Managed Solutions
John Dillon, Lead Municipal Portfolio Manager, Fixed Income Managed Solutions Team, discusses trends and opportunities in the municipal markets. Listen now.

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Insight audio  •  May 09, 2023  •  10:05 Min

Fixed Income Update with Kevin Lynyak 

Kevin Lynyak
Kevin Lynyak and James Benadum provide a review and outlook on the Preferred Securities Market.

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Caron's Corner  •  May 08, 2023  •  8:16 Min

Wages, Inflation, Stability, Policy: Something’s Got to Give 

Jim Caron
Jim Caron, Co-Lead Global Portfolio Manager and Co-Chief Investment Officer, Global Balanced Risk Control Team, shares his macro thematic views on key market drivers.

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Global Equity Observer  •  May 08, 2023

Reckoning Deferred 

Bruno Paulson
The equity market looks complacent. In the face of continuing wage inflation, pessimistic bond market signals, tightening lending standards, low small business confidence, falling GDP forecasts and weakening consumer expectations—in short, a possible, even probable, U.S. recession—it continues trading on high multiples. This is a concern if you believe the economic reckoning was merely deferred rather than avoided.

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PATH  •  May 05, 2023

The inflation and recession duality 

Andrew Harmstone, Jim Caron
While the risk of a recession in the short term appears to have diminished, the overall effects of central bank tightening have yet to be fully felt. Despite the recent improvement in data, balanced portfolio diversification remains crucial. Read here how we are addressing this.

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Media Appearance  •  May 03, 2023

Lauren Hochfelder interview for Commercial Observer - Video 

Lauren Hochfelder
Lauren Hochfelder, CEO of Morgan Stanley Real Estate Investing (MSREI) and Head of MSREI Americas, talks commercial real estate outlook, opportunities and lessons learned in this interview for the Commercial Observer.

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