Jay Bacow: Welcome to Thoughts on the Market. I'm Jay Bacow, Co-Head of U.S. Securities Products Research here at Morgan Stanley.

Jim Egan: And I'm Jim Egan, the other Co-Head of U.S. Securities Products Research.

Jay Bacow: And on this episode of the podcast, we'll be discussing how tightening lending standards could impact housing activity. It's Tuesday, August 9th, at 11 a.m. in New York.

Jim Egan: Now Jay, you published a high level report last week with Vishy Tirupattur, who is the Head of Fixed Income Research here at Morgan Stanley, on the coming capital crunch. Basically, rising capital pressures will mean that banks will have to make tough choices in their lending books. Is that about right?

Jay Bacow: Yeah, that's it. Basically, we don't think that markets have really appreciated the impact of the combination of how rising rates caused losses on banks portfolios, the regulatory changes and the results of the...

Welcome to Thoughts on the Market. I'm Josh Pokrzywinski, Morgan Stanley's U.S. Electrical Equipment and Multi-Industry Analyst. Along with my colleagues, bringing you a variety of perspectives, I'll be talking about deflationary opportunities in this high inflation environment. It's Monday, August 8th, at 4 p.m. in New York.

As most listeners no doubt know, the battle to bring down inflation is the topic of 2022. But today I want to talk about inflation from a slightly different perspective, and that's how automation and productivity enhancing technologies could actually help bring down inflation in areas such as labor, supply chain procurement and energy.

And while these technologies require capital investment, something that's often difficult when the economy is uncertain, we believe structural changes in demographics, energy policy and security, and an aging capital base make technologies focused on cost reductions and productivity actually more...

The Covid-19 pandemic underscored how integral digital connectivity is in our daily lives.

In the latest episode of Exceptional Leaders/Exceptional Ideas, our Head of European Telecoms Research, Emmet Kelly, travels to Bonn, Germany to meet with Tim Höttges, CEO of Deutsche Telekom. Since taking the helm in 2014, Höttges has led the once state-owned enterprise through one of the most disruptive and dynamic periods in the history of the industry.

Watch this candid conversation about how Deutsche Telekom turned customers into fans, created one of the world’s most valuable brands and made the decision to keep its stake in T-Mobile. 

Welcome to Thoughts on the Market. I'm Andrew Sheets, Chief Cross-Asset Strategist for Morgan Stanley. Along with my colleagues bringing you a variety of perspectives, I'll be talking about trends across the global investment landscape and how we put those ideas together. It's Friday, August 5th, at 2 p.m. in London.

Trying to predict where financial markets will go is difficult. The future, as they say, is uncertain, and even the most talented investors and forecasters will frequently struggle to get these predictions right.

A different form of this question, however, might be easier. What do markets assume will happen? After all, these assumptions are the result of thousands of different actors, most of which are trying very hard to make accurate predictions about future market prices because a lot of money is on the line. Not only is there a lot of information in those assumptions, but understanding them are table stakes for a lot of investment strategy. After...

Our Mission

In our 2018 survey, investors reported capitalizing multicultural and women-owned businesses at 80% less than businesses overall, and our research shows this translates into roughly $4.4 trillion in missed opportunity. The Multicultural Innovation Lab, part of our Multicultural Client Strategy Group, is here to change that. Launched in 2017 to promote financial inclusion and provide founders of tech and tech-enabled startups with much-needed access to investors—along with the tools, resources and connections they need to grow and thrive—the Lab’s mission is nothing less than to transform the investing landscape.

Hitting it for six:Best-in-class return on equity, best share price performance of its peers, record revenues across a now balanced institution – and a deal roster to be proud of. Given the tragic circumstances of 2020, a victory lap for those who have been along for the journey might be unseemly. But a quiet moment of satisfaction is surely in order. Morgan Stanley is IFR’s Bank of the Year.

For Morgan Stanley, 2020 was both a culmination of a decade-long journey to a balanced business model and a stress test of whether the bank was in the right shape to thrive when times were tough but opportunity knocked.

“Our strategy revolves around demonstrating stability in times of serious stress and delivering strong results when markets are active,” said James Gorman, the bank’s chairman and CEO.

“2020 tested this thesis,” he added, in what might just be the understatement of the year.

It was a test that Morgan Stanley passed with flying...

Our Mission

In our 2018 survey, investors reported capitalizing multicultural and women-owned businesses at 80% less than businesses overall, and our research shows this translates into roughly $4.4 trillion in missed opportunity. The Multicultural Innovation Lab, part of our Multicultural Client Strategy Group, is here to change that. Launched in 2017 to promote financial inclusion and provide founders of tech and tech-enabled startups with much-needed access to investors—along with the tools, resources and connections they need to grow and thrive—the Lab’s mission is nothing less than to transform the investing landscape.

When it comes to collecting art, conventional wisdom suggests that you can do it either for love or for money. Actually, you can do it for both. While an artwork can be a source of beauty, it is often also an asset and may be an important part of your overall wealth.

In fact, art and collectibles can easily represent a significant percentage of a wealthy collector’s personal balance sheet—and that share has the potential to grow, for a number of reasons. Record high valuations for traditional assets are providing the means and the motivation for more individuals to look at the art market, and that’s one of the factors driving art prices higher. At the same time, the art market is under the influence of one of the most significant wealth transfers in history.1 Consequently, more individuals who don’t fit the traditional mold of art collector are taking a new interest in art.

The shortage of affordable housing has long plagued low-income families in the U.S., and racial inequity is one significant factor that’s contributed to the crisis. Minority groups, especially Blacks and Hispanics, suffer higher rates of housing insecurity due to homeownership discrimination—particularly in the mortgage application process—which leaves them disproportionately exposed to the increasingly unaffordable rental market, according to a recent Morgan Stanley Research report.1

Our Mission

In our 2018 survey, investors reported capitalizing multicultural and women-owned businesses at 80% less than businesses overall, and our research shows this translates into roughly $4.4 trillion in missed opportunity. The Multicultural Innovation Lab, part of our Multicultural Client Strategy Group, is here to change that. Launched in 2017 to promote financial inclusion and provide founders of tech and tech-enabled startups with much-needed access to investors—along with the tools, resources and connections they need to grow and thrive—the Lab’s mission is nothing less than to transform the investing landscape.

If figuring out how to pay off your college student loans is a major issue for you, you’re not alone. 43.4 million people in the U.S. carry almost $1.7 trillion in student loans1.  Nearly seven in 10 college seniors graduate owing nearly $30,0002, with women, people of color, and older Americans paying the biggest price3.

The bottom line: With average monthly student loan payments of $393 that take approximately 20 years to repay4, it’s harder for student loan borrowers to tackle goals like saving for a house, starting a business or investing for retirement.

Morgan Stanley Wealth Management is committed to creating opportunities for women in their careers, their wealth planning and their communities. We’re closing the gap and helping empower females throughout every stage of their lives, with tangible resources, advice and stories. 

When Deepshikha was deciding on post-graduate careers, she knew one thing for certain: Whatever position she selected had to be in New York City.

After moving from India to attend graduate school in upstate New York, Deepshikha easily adjusted to life in a college town, but the City had always beckoned. She made a point of only looking at positions that would enable her to start a professional life in the Big Apple, which, in her words, was “the center of everything.”

While researching careers at Morgan Stanley, Deepshikha read the People section of the firm’s website. Duly impressed by the accomplishments and diversity of those profiled, she decided to attend an information session about Morgan Stanley’s technology opportunities. After submitting an application and going through a series of interviews, Deepshikha was offered an internship in the firm’s Equity Derivatives division in 2015, after which she returned full-time to the firm in February, 2016....

Vinit, a Technology Associate at Morgan Stanley Hong Kong, may be a technology geek but he’s got a decidedly cool hobby as well. Shortly after he joined the firm full time in August 2019, he and a few colleagues formed a garage band, which has played a few sets at open mic nights around Hong Kong. “It was my dream to perform live when I first picked up the bass in college,” Vinit says.

It was during that time that Vinit, eager to share his passion with others teamed up with a friend to organize a 10-day community service trip to the Philippines with the goal of teaching music at a school for students with special needs. The group used a circuit board and computers to wire everyday objects so they would play musical notes when tapped by the students. For the project’s finale, the students learned to play “Perfect” by Ed Sheeran.

Whether he’s coming up with sophisticated technology solutions at work, riffing on a new piece of music after hours, or finding...

U.S. consumer confidence plunged earlier this month, with the University of Michigan’s consumer sentiment index falling from 81.2 in July to 70.2 in August—the lowest level in almost a decade. Then, a rash of weaker-than-expected economic data, including in retail sales, followed.

Since the start of the pandemic, Covenant House has kept its doors open 24/7, providing more than 1 million nights of housing to young people facing homelessness and survivors of human trafficking in…

Welcome to Thoughts on the Market. I'm Mike Wilson, Chief Investment Officer and Chief US Equity Strategist for Morgan Stanley. Along with my colleagues bringing you a variety of perspectives, I'll be talking about the latest trends in the financial marketplace. It's Monday, August 23rd at 11:30 a.m. in New York. So let's get after it.

There is an old adage that says, "never bet against the US consumer's willingness to spend". In fact, it was one of the primary reasons we led the charge on recommending consumer cyclicals back in April of 2020 - at the depths of the covid recession. With Congress quickly providing record amounts of fiscal stimulus last year, the table was set for a major consumer stand against the downturn. Fast forward 16 months, and it's fair to say the U.S. consumer has not disappointed. However, after a year of remarkable resilience from the U.S. consumer, it begs the question, is it sustainable? While there's little doubt about the US consumer's...