Lisa Shalett, CIO of Wealth Management at Morgan Stanley, shares her insights on the shifting landscape of the U.S. economy and markets post-Fed Chair Jay Powell's testimony. Mohamed El-Erian, President of Queens' College, Cambridge, weighs in on the latest inflation data, addressing challenges and expectations surrounding Federal Reserve policies. The discussion also touches on the potential impacts of tariffs, market volatility, and inflation on businesses, revealing how these factors intertwine to shape financial strategies and consumer experiences.

Lisa Shalett, Chief Investment Officer for Morgan Stanley Wealth Management, discusses forecasting expected returns, cross-asset correlations, and unique considerations for investors in the current market environment. Topics include estimating returns over different horizons, impact of inflation on asset classes, central bank interventions on market dynamics, and questioning traditional mean reversion strategies.

Lisa Shalett, Chief Investment Officer at Morgan Stanley Wealth Management, shares insights on market trends and warns of a wave of policy proposals impacting investor confidence. Victoria Fernandez, Chief Market Strategist at Crossmark Global Investments, discusses her anticipation of increased market volatility. Anna Nikolayevsky, Founder of Axel Capital Management, highlights a consumer slowdown as people shift towards cost-saving measures, reiterating the challenges facing the technology sector and its implications for investment strategies.

Lisa Shalett, Chief Investment Officer of Morgan Stanley Wealth Management, discusses long-term investors’ biggest concern – the amount and timing of interest rate moves. They also talk about the current market backdrop, the impact of interest rates on the equity market, market liquidity and the question of cash, and implications of higher real rates on valuations and portfolio construction.

Julian Emanuel, Chief Equity & Quantitative Strategist at ISI Evercore, and Lisa Shalett, Chief Investment Officer at Morgan Stanley Wealth Management, dive into the evolving market landscape. They discuss the transformative impact of AI in 2025 and its implications for investing strategies. Rising bond yields are reviewed alongside impressive European earnings. The guests emphasize the need for cautious, long-term investment approaches while navigating Federal Reserve challenges and market volatility. They also highlight the increasing importance of tech earnings and operational efficiency.