Morgan Stanley Chief US Equity Strategist Mike Wilson says investors are rotating out of some of the year&#x27;s biggest winning technology trades. He says hyperscalers will stabilize and semiconductors stocks will correct. He speaks with Bloomberg&#x27;s Jonathan Ferro<br>See omnystudio.com/listener for privacy information.

Morgan Stanley's Mike Wilson Talks Equity Trade

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[SPEAKER_01] We begin this hour with stocks adding to gains to kick off the first full week of the first quarter, the third quarter. Mike Wilson and Morgan Stanley writing, Falling energy prices, peaking tariff inflation and contained services keep the Fed on hold rather than hiking this year. Lower real rates should support equities and further fuel the broadening trade. I'm pleased to say that Mike joins us around the table for the next hour. He joins us for more. Mike, good morning. Good to see you. Good morning. Let's just start with the stability we're seeing in the rates market and how important that is to set the stage for what you're anticipating in the next few months.

[SPEAKER_02] Yeah, I mean, I think you were saying it earlier. I was listening to the show. I mean, there's somebody expecting a hike. There's someone expecting a cut and we're on hold. And this is, I think, what we got to get used to is that with the new chair probably not giving as much guidance, he's going to allow the market to kind of figure it out on its own and have these differing different views. We're in that adjustment period now.

Morgan Stanley's Mike Wilson Talks Equity Trade

Read the full transcript

The candid version is on a podcast,
not the earnings call.

Morgan Stanley's Mike Wilson Talks Equity Trade

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.