Lisa Shalett, chief investment officer at Morgan Stanley Wealth Management, said that since traders expect the Federal Reserve to cut interest rates later this year, the trend of investors aggressively switching from US tech giants to some backward stocks will continue, but fundamentals still don't support chasing small-cap stocks. In a report to clients on Monday, Shalett said that large-cap stocks and high-quality cyclical stocks are Morgan Stanley's first choice. Recommended for finance, energy, industrial, aerospace/defense, select power generation/grid infrastructure, and residential REITs.

Zhitongcaijing · 07/22/2024 14:25
Lisa Shalett, chief investment officer at Morgan Stanley Wealth Management, said that since traders expect the Federal Reserve to cut interest rates later this year, the trend of investors aggressively switching from US tech giants to some backward stocks will continue, but fundamentals still don't support chasing small-cap stocks. In a report to clients on Monday, Shalett said that large-cap stocks and high-quality cyclical stocks are Morgan Stanley's first choice. Recommended for finance, energy, industrial, aerospace/defense, select power generation/grid infrastructure, and residential REITs.