Podcast · 319 episodes
Thoughts on the Market, page 5
by Morgan Stanley · English
Short, thoughtful and regular takes on recent events in the markets from a variety of perspectives and voices within Morgan Stanley.
All episodes, page 5
Global Growth Faces an Energy TestMorgan Stanley’s mid-year global outlook, arguing global growth remains constructive but faces an “energy test” that could shift inflation, central-bank policy, and recession risk.14 May 2026 · 6 min · 3 chapters
What to Expect From the U.S.-China SummitExpectations for the U.S.-China Summit (May 13, Copenhagen) and what investors should watch. Guests: None; host is Ariana Salvatore, Head of Public Policy Research at Morgan Stanley.13 May 2026 · 4 min · 6 chapters
How Your Body Data Could Reshape SectorsSelf-directed patient behavior using at-home lab tests, wearables, and digital tools to shift healthcare from reactive to proactive prevention; potential sector investment implications and cost-curve…12 May 2026 · 5 min · 3 chapters
Why AI Funding Is So Price-InsensitiveAI infrastructure investment is “price-insensitive” (inelastic demand), so companies keep spending despite sharply higher input and financing costs.11 May 2026 · 5 min · 3 chapters
The New Playbook for Real Estate Net Lease InvestingNet lease investing is evolving from a “sleepy” retail niche into a broader, more defensive income strategy driven by long-term leases with fixed annual rent bumps, tenant-paid expenses, and durable…8 May 2026 · 12 min · 5 chapters
Special Encore: AI’s Next Big LeapThe episode argues AI progress is becoming nonlinear/exponential, not incremental, and that this will drive major market and infrastructure ROI changes in 2026.7 May 2026 · 10 min · 4 chapters
How Long Can Markets Ignore the Oil Supply Shock?How long the oil supply shock can be ignored by markets, given Strait of Hormuz disruption, inventory drawdowns, and downstream impacts on gasoline prices.6 May 2026 · 12 min · 4 chapters
AI’s Shift From Thinking to Taking ActionThe episode argues AI is shifting from GenAI (prompt-to-answer) to agentic AI (systems that act across tools, remember preferences, plan multi-step workflows, and adapt).5 May 2026 · 5 min · 2 chapters
Hard Lessons: Rick RiederHard Lessons with Rick Rieder—how to think about conviction, market timing, and surviving when markets are wrong longer than theory predicts.5 May 2026 · 1 min · 1 chapter
Why Stocks Keep RallyingMike Wilson (Morgan Stanley CIO and Chief U.S. Equity Strategist) argues U.S. stocks keep rallying mainly because earnings are strong, not because of headlines or the Fed.4 May 2026 · 5 min · 2 chapters
AI and Jobs: What Data and History SayAI’s effect on jobs, focusing on whether AI adoption will cause mass unemployment or instead raise productivity and output.1 May 2026 · 5 min · 3 chapters
The Metric Taking Over Earning SeasonCapital expenditure (capex) for AI infrastructure is becoming a central earnings-season metric across asset classes, with major implications for equities, credit, and potentially Fed policy.30 Apr 2026 · 5 min · 3 chapters
Midterm Elections, Affordability and the FedRun-up to the U.S. midterm elections and how affordability pressures from an oil/gasoline shock could affect growth, inflation, and the policy response (Congress vs.29 Apr 2026 · 11 min · 6 chapters
AI’s Next Big LeapThe episode argues AI progress is becoming nonlinear/exponential this spring and summer, driven by scaling laws (10x training compute ≈ 2x capability), leading to cheaper, more accurate frontier…28 Apr 2026 · 10 min · 5 chapters
Can Stock Momentum Hold Up?Mike Wilson (Morgan Stanley CIO and Chief U.S. Equity Strategist) argues U.S. stocks can stay bullish despite a sharp technical bounce from oversold to overbought in 12 days (April 27).27 Apr 2026 · 5 min · 4 chapters
Warsh’s Plan to Change the FedA market-focused preview of Kevin Warsh’s nomination to become the next U.S. Fed chair, framed by simultaneous Iran-driven energy disruption and a broader corporate/AI investment boom.24 Apr 2026 · 4 min · 3 chapters
The Hidden Toll of TariffsTariffs’ “hidden toll,” focusing on whether they meaningfully drive reshoring and how tariff policy changes affect macro conditions and Fed-relevant outlooks.23 Apr 2026 · 7 min · 5 chapters
U.S. Midterms: What Investors Should WatchU.S. midterm elections and what investors should watch for markets, focusing on how election outcomes affect fiscal policy, AI regulation, and short-term volatility (debt ceiling, shutdown risk).22 Apr 2026 · 7 min · 5 chapters
Warnings and Winners From the IMF MeetingsInvestor takeaways from IMF Spring Meetings (Washington, D.C.) on growth risks from the Iran conflict, inflation policy risks, and emerging-market (EM) resilience; implications for EM sovereign…21 Apr 2026 · 10 min · 5 chapters
Where Investment Themes Intersect and Beat MarketsStephen Byrd (Morgan Stanley) revisits Morgan Stanley’s 10 thematic predictions for 2026 and argues that AI, energy, and geopolitics are converging to drive market outperformance and “alpha.”20 Apr 2026 · 5 min · 4 chapters
The Real Drivers of GLP-1 Growth“The Real Drivers of GLP-1 Growth” argues obesity/diabetes GLP-1 adoption is entering a new scalable phase (“GLP-1 unlock”) despite low current penetration. Key claims: U.S.17 Apr 2026 · 4 min · 2 chapters
Markets Eye Hungary’s Political ShiftMarkets implications of Hungary’s April 2024 election and potential EU policy shifts. Guests: Andrew Sheets, Global Head of Fixed Income Research at Morgan Stanley (no other guests mentioned).16 Apr 2026 · 4 min · 3 chapters
Economic Roundtable: Structural Fallouts From the Iran ConflictHow the Iran conflict’s energy shock is evolving into structural economic “fallouts” across the U.S., Asia, and Europe—affecting inflation, central bank policy, labor markets, supply chains, trade,…15 Apr 2026 · 12 min · 5 chapters
Economic Roundtable: Energy Shock & Central Banks’ ActionA two-part economic roundtable on how the Iran-related oil price shock and potential supply disruptions affect energy, inflation, growth, and central bank policy (Fed/ECB), with a focus on the U.S.,…14 Apr 2026 · 13 min · 4 chapters