Morgan Stanley’s Caron Shows How Stocks Stole Year of the Bond
- Yields below Fed funds rate will ease financial conditions
- Riskier assets like stocks continue outperforming fixed income
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Remember the year of the bond? Morgan Stanley’s Jim Caron is helping his clients understand why 2023 is also about stocks.
“This is supposed to be the year for fixed income,” the co-chief investment officer for global balanced risk at Morgan Stanley Investment Management Inc. told Bloomberg Television’s The Open on Tuesday. “Fixed income is up 2%. Equities are up over 10%.”