Reported 8 months ago
Dan Skelly, the managing director and head of market research and strategy at Morgan Stanley Wealth Management, discusses the impact of elevated interest rates on consumers and the persistent economic uncertainty. Skelly highlights a clear divergence in consumer behavior between rate-sensitive and less rate-sensitive cohorts, particularly affecting high-income and low-income earners. He suggests that this disparity could lead to an economic soft landing scenario and emphasizes the implications for the economy and markets. Skelly also provides insights on the potential investment implications for equity investors in the current and future market environment.
Source: YAHOO