Currently, markets are flooded with liquidity and benchmark indices are scaling fresh highs but valuations suggest the risk is elevated.
Stepping into the post-pandemic world, Wilson questions if there will be a demand slowdown as people get on with the normal lives. (Image: REUTERS)
With the US economy now re-opening and getting back to the old normal, Morgan Stanleys Chief U.S. Equity Strategist, Mike Wilson says he is now concerned about the risks that come with the move. Rather than getting excited about the reopening, we are getting a bit more concerned about execution risk and what’s already priced, Mike Wilson, Chief Investment Officer and Chief U.S. Equity Strategist for Morgan Stanley said in a podcast. Morgan Stanley has downgraded small-caps and consumer discretionary stocks while recommending a move up on the quality curve.