Morgan Stanley market views, organized for advisors.

The article argues that the present value of growth opportunities, or PVGO, can add useful context to traditional valuation methods.

It shows that stock prices reflect both current earnings and the market’s expectations for future investment opportunities, making PVGO a...

AI is not in a bubble in the same way the internet was not in a bubble, even if some stocks tied to it can still become overheated.

The strongest AI beneficiaries are seeing real demand, rising revenue and earnings...

May was defined by resilient U.S. growth, sticky inflation, and a continued repricing of rate expectations, yet risk assets stayed well supported.

Credit markets held firm on strong technical demand and carry, even as valuations remained tight and dispersion widened...

The upcoming Russell Index reconstitution looks set to make a meaningful mark on U.S. equity benchmarks, even before it takes effect in June 2026.

Strong market gains have pushed many companies into new capitalization bands, which could drive notable reshuffling...

AI is accelerating a major shift in digital infrastructure, with demand moving toward more distributed compute and away from a purely centralized model.

That transition is increasing the need for high-capacity fibre networks and creating broad opportunities across data centres,...