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Thoughts on the Market

Midyear Cross-Asset Outlook: Bullish Possibilities

May 21, 2024
Serena Tang, Morgan Stanley's Chief Global Cross Asset Strategist, discusses the positive macro backdrop for asset markets, recommending focusing on cheap optionality, convexity, and carry. The podcast explores the impact of upcoming events like the US elections on economic forecasts, bullish prospects for European and Japanese equities, and caution on emerging markets. Additionally, the discussion includes a detailed analysis of fixed income, commodities outlook, and global market analysis with suggested investment strategies.
09:06

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Podcast summary created with Snipd AI

Quick takeaways

  • Stable growth, disinflation, and rate cuts create a positive environment for global equities and risk assets.
  • The importance of focusing on cheap optionality, convexity, and carry is emphasized for potential bullish outcomes in asset markets.

Deep dives

Positive Outlook for Risk Assets in Global Equities

The podcast discusses how the stable growth, disinflation, and rate cuts projected by the team present a favorable backdrop for risk assets, particularly global equities. Drawing parallels to the economic environment of the mid-1990s, the outlook remains optimistic despite lingering uncertainties. Emphasizing the importance of focusing on cheap optionality, convexity, and carry, the podcast suggests potential bullish possibilities and highlights the potential for favorable returns in European and Japanese equities.

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