Podcast · Business

Thoughts on the Market

by Morgan Stanley · English · Business

Short, thoughtful and regular takes on recent events in the markets from a variety of perspectives and voices within Morgan Stanley.

New episodes: Daily
Typical length: 5 min
Latest: 7 Oct 2026
Language: English

Latest episode

7 Oct 2026 · 5 minNew

Will Midterms Test the AI Investment Cycle?

The AI investment boom has been a defining force in markets. Our Head of Public Policy Research Ariana Salvatore looks at whether the U.S. midterm elections could change the spending and policies behind it.Read more insights from Morgan Stanley.----- Transcript -----Ariana Salvatore: Welcome to Thoughts on the Market. I'm Ariana Salvatore, Head of Public Policy Research at Morgan Stanley. Today, what the midterms could mean for the AI investment cycle. It's Wednesday, October 7th at 10am in New York. I've spoken on this podcast before about the broader implications of the midterm elections.…

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Earlier episodes 29 most recent

E1744 · 6 Oct 2026 · 4 minNew

Japan’s Banks Enter a New Era of Opportunity

Our Japan Financials Analyst Mia Nagasaka explains why a once-in-30-year investment cycle could transform corporate financing and open a new chapter for Japanese banks.Read more insights from Morgan Stanley.----- Transcript -----Welcome to Thoughts on the Market. I’m Mia Nagasaka, Head of Japan Financials Research at Morgan Stanley MUFG Securities. Today – a once-in-30-year investment cycle is changing how investors think about Japanese banks.It’s Tuesday, October 6th, at 10am in Tokyo. For decades, Japanese companies had more cash than investment opportunities. But now it's changing. This…
E1743 · 5 Oct 2026 · 5 minNew

Canada’s Next Growth Phase

Recent headlines about Canada have focused on trade uncertainty and weak productivity. But our Global Economist Arunima Sinha explains why the country may be on the cusp of a stronger, investment-led growth cycle.Read more insights from Morgan Stanley.----- Transcript ----- Arunima Sinha: Welcome to Thoughts on the Market. I'm Arunima Sinha from Morgan Stanley's Global and U.S. Economics teams. Today, why Canada's economy may be closer to a new growth phase. It's Monday, October 5th at 10am in New York. Canada has been in the news recently. There have been lots of headlines related to trade,…
E1742 · 2 Oct 2026 · 5 min

The Tension Between Equities and Bonds

Our Global Head of Fixed Income Research Andrew Sheets examines what rising rates could mean for equity valuations, earnings and investor appetite.Read more insights from Morgan Stanley.----- Transcript -----Andrew Sheets: Welcome to Thoughts on the Market. I'm Andrew Sheets, Global Head of Fixed Income Research at Morgan Stanley. Today, thinking about equity resilience in the face of rising bond yields. It's Friday, October 2nd at 2pm in London. The benchmark U.S. 10-year Treasury yield has risen about 100 basis points this year. Global equities, at the same time, are up about 13 percent.…
E1741 · 1 Oct 2026 · 12 min

How AI and Tokenization Could Reshape Wealth Management

Betsy Graseck and Michael Cyprys explore how AI could expand advisor capacity and tokenized assets could grow into a $2.3 trillion market by 2030.Read more insights from Morgan Stanley.----- Transcript ----- Betsy Graseck: Welcome to Thoughts on the Market. I'm Betsy Graseck, Morgan Stanley's Global Head of Banks and Diversified Finance Research. Michael Cyprys: And I'm Mike Cyprys, Head of U.S. Brokers, Asset Managers, and Exchanges Research at Morgan Stanley. Betsy Graseck: Today, we're looking at the next phase of growth across asset and wealth management – and how tokenization, AI, and…
E1740 · 30 Sep 2026 · 5 min

4 Market Signals Ahead of the Midterms

As investors look toward the U.S. midterm elections, the biggest question is what could change. Our Head of U.S. Public Policy Research Ariana Salvatore outlines the signals worth watching. Read more insights from Morgan Stanley.----- Transcript ----- Ariana Salvatore: Welcome to Thoughts on the Market. I'm Ariana Salvatore, Head of U.S. Public Policy Research at Morgan Stanley. Today, I'll be talking about the upcoming 2026 midterm elections. It's Wednesday, September 30th, at 10am in New York. As the elections inch closer, investors are increasingly asking about potential ramifications. We…
E1739 · 29 Sep 2026 · 5 min

China’s $12 Trillion Manufacturing Upgrade

Our China Industrials Analyst Sheng Zhong explains how AI, robotics and a major investment cycle could transform China’s manufacturing base and its role in global supply chains.Read more insights from Morgan Stanley.----- Transcript -----Sheng Zhong: Welcome to Thoughts on the Market. I’m Sheng Zhong, Morgan Stanley’s China Industrials analyst. Today – how AI and automation are transforming China’s factories, and what that could mean for global manufacturing. It’s Tuesday, September 29th, at 3 PM in Hong Kong.For decades, Made in China has been shorthand for scale, speed, and low-cost…
E1738 · 28 Sep 2026 · 5 min

The Stock Market’s Bad Breadth

Fewer companies have been driving equity market gains in 2026. Our CIO and Chief U.S. Equity Strategist Mike Wilson looks at what investors should make of the narrowing rally as the year enters its final stretch. Read more insights from Morgan Stanley.----- Transcript -----Mike Wilson: Welcome to Thoughts on the Market. I'm Mike Wilson, Morgan Stanley’s CIO and Chief U.S. Equity Strategist. Today on the podcast I’ll be discussing the Market’s Bad Breadth.It's Monday, September 28th at 11:30 am in New York. So, let’s get after it.The market is up this year. That's the good news. But over the…
E1737 · 25 Sep 2026 · 11 min

AI Meets the Physical Economy

Morgan Stanley Research analysts Michelle Weaver, Ravi Shanker and Dave Arcaro discuss two industrial inflection points: how long it will be before autonomous trucking becomes a reality and why power infrastructure is racing to keep up with AI-driven demand.Read more insights from Morgan Stanley.----- Transcript -----Michelle Weaver: Welcome to Thoughts on the Market. I'm Michelle Weaver, Morgan Stanley's U.S. Thematic and Equity Strategist.Ravi Shanker: I'm Ravi Shanker, Morgan Stanley's U.S. trade transportation analystDave Arcaro: And I'm Dave Arcaro, Morgan Stanley's Utilities, Power &…
E1736 · 24 Sep 2026 · 14 min

The Global Diesel Problem

Diesel is at the center of an international supply squeeze, with prices rising to historic highs. Andrew Sheets and Martijn Rats unpack why this industrial fuel matters far beyond the pump.Read more insights from Morgan Stanley.----- Transcript -----Andrew Sheets: Welcome to Thoughts on the Market. I'm Andrew Sheets, Global Head of Fixed Income Research at Morgan Stanley. Martijn Rats: And I'm Martijn Rats, Head of Commodity Research at Morgan Stanley. Andrew Sheets: Today, the secret life of diesel and why there's so much attention on it. It's Thursday, September 24th at 2pm in London.…
E1735 · 23 Sep 2026 · 10 min

The Unexpected Investment Case for AI Safety

Tighter AI safety requirements could reshape the pace of AI investment. Ariana Salvatore and Michael Zezas dig into why the spending may shift toward more compute, not less.Read more insights from Morgan Stanley.----- Transcript -----Ariana Salvatore: Welcome to Thoughts on the Market. I'm Ariana Salvatore, Head of U.S. Public Policy Research at Morgan Stanley. Michael Zezas: And I'm Michael Zezas, Deputy Global Head of Research at Morgan Stanley. Ariana Salvatore: Today, we'll be talking about AI safety and regulation. It's Wednesday, September 23rd, at 10am in New York. We put out a note…
E1734 · 22 Sep 2026 · 5 min

Why Central Banks Are Raising Rates Again

Central banks are turning more hawkish as inflation risks increase. Our Global Chief Economist and Head of Macro Research Seth Carpenter explains what that means for the Fed, ECB and Bank of Japan.Read more insights from Morgan Stanley.----- Transcript -----Seth Carpenter: Welcome to Thoughts on the Market. I’m Seth Carpenter, Morgan Stanley’s Global Chief Economist and Head of Macro Research. Today, I’m going to talk about all the movement we’ve seen in central banks and how it’s changing our forecasts. It’s Tuesday, September 22, at 10 a.m. in New York. Over the past two weeks, our…
E1733 · 21 Sep 2026 · 5 min

Market Resilience Isn’t Complacency

Our CIO and Chief U.S. Equity Strategist Mike Wilson discusses why quality stocks, strong earnings and price momentum support his view that the bull market remains intact.Read more insights from Morgan Stanley.----- Transcript -----Welcome to Thoughts on the Market. I'm Mike Wilson, Morgan Stanley’s CIO and Chief U.S. Equity Strategist. Today on the podcast I’ll be discussing the ongoing mid-cycle transition. It's Monday, September 21st at 11:30 am in New York. So, let’s get after it. The S&P 500 is near record highs. That’s despite rising energy prices, two wars running in parallel and AI…
E1732 · 18 Sep 2026 · 5 min

Trump-Xi Talks Put Trade and Tech in Focus

As President Xi heads to Washington, trade, rare earths and AI are set to dominate the agenda. Our Head of U.S. Public Policy Research Ariana Salvatore unpacks what the meeting could mean for supply chains, tech stocks and the broader market.Read more insights from Morgan Stanley.----- Transcript -----Ariana Salvatore: Welcome to Thoughts on the Market. I'm Ariana Salvatore, Head of U.S. Public Policy Research at Morgan Stanley.Today, I'll be talking about next week's U.S.-China summit, specifically the bilateral trade relationship, what we can expect on critical minerals and rare earths, AI…
E1731 · 17 Sep 2026 · 4 min

Why the Fed May Have Further to Go

After raising interest rates for the first time in more than three years, the Fed still doesn’t see policy as restrictive. Our Global Head of Fixed Income Research Andrew Sheets breaks down what that could mean for the monetary policy path.Read more insights from Morgan Stanley.----- Transcript -----Andrew Sheets: Welcome to Thoughts on the Market. I'm Andrew Sheets, Global Head of Fixed Income Research at Morgan Stanley. Today, why the Federal Reserve may have raised interest rates and yet still thinks that monetary policy is providing support.It's Thursday, September 17th at 2pm in London.…
E1730 · 16 Sep 2026 · 12 min

One Fed Hike—Or More to Come?

Our Global Head of Macro Strategy Matthew Hornbach joins our Chief U.S. Economist Michael Gapen to discuss the Fed’s potential next moves and how energy prices are influencing market expectations.Read more insights from Morgan Stanley.----- Transcript -----Matthew Hornbach: Welcome to Thoughts on the Market. I'm Matthew Hornbach, Global Head of Macro Strategy at Morgan Stanley.Michael Gapen: And I'm Michael Gapen, Morgan Stanley's Chief U.S. Economist.Matthew Hornbach: Today, what the Federal Reserve decided at its September meeting and what it could mean for rates through the end of the…
E1729 · 15 Sep 2026 · 5 min

The Mid-Cycle Shift Equity Investors Shouldn’t Miss

Our CIO and Chief U.S. Equity Strategist Mike Wilson breaks down how the market is transitioning to a mid-cycle environment, with leadership shifting toward higher-quality, asset-light companies with durable earnings.Read more insights from Morgan Stanley.----- Transcript -----Mike Wilson: Welcome to Thoughts on the Market. I'm Mike Wilson, Morgan Stanley’s CIO and Chief U.S. Equity Strategist. Today on the podcast I’ll be discussing why inflation should not be a concern for equity investors.It's Tuesday, September 15th at 9 am in New York. So, let’s get after it.The markets have spent the…
E1728 · 14 Sep 2026 · 9 min

Patients Are Taking the Driver's Seat in Healthcare

Healthcare companies are rethinking their business models as patients gain more control over how they access care and purchase medicine. Our analysts Erin Wright and Terence Flynn unpack this shift and the emerging opportunities.Read more insights from Morgan Stanley.----- Transcript -----Erin Wright: Welcome to Thoughts on the Market. I'm Erin Wright, US Healthcare Services Analyst at Morgan Stanley.Terence Flynn: And I'm Terence Flynn, Morgan Stanley's US BioPharma Analyst.Erin Wright: Today, how the consumer is moving into the driver's seat across healthcare.It's Monday, September 14th at…
E1727 · 11 Sep 2026 · 11 min

Why the Middle-Class Squeeze Is Getting Worse

Heather Berger of the U.S. Economics Team hosts Wealth Management Senior Economist and Strategist Sarah Wolfe to discuss what it takes to define the middle class in America today. They break down how factors like rising essential costs and the development of AI are reshaping consumer balance sheets and financial security.Sarah Wolfe is a member of Morgan Stanley's Wealth Management Division and is not a member of Morgan Stanley’s Research Department. Unless otherwise indicated, her views are her own and may differ from the views of the Morgan Stanley Research Department and from the views of…
E1726 · 10 Sep 2026 · 5 min

The Fed, Football and the Price of Ambiguity

Our Global Head of Fixed Income Research Andrew Sheets discusses when markets may not adequately compensate investors for uncertainty around themes like Fed policy, AI financing and energy supply.Read more insights from Morgan Stanley.----- Transcript -----Andrew Sheets: Welcome to Thoughts on the Market. I'm Andrew Sheets, Global Head of Fixed Income Research at Morgan Stanley. Today, what American football can teach us about the value of ambiguity.It's Thursday, September 10th at 2p.m. in London.I really like this time of year. It's a little cooler outside. There's the excitement in the…
E1725 · 9 Sep 2026 · 5 min

Can the AI Spending Boom Pay Off?

Big Tech is pouring more than $1.4 trillion into AI, prompting investors to ask: Is it worth it? Our U.S. Internet analyst Brian Nowak looks at three business models that could earn 25 to 50 percent returns for Gen-AI-enabled technologies.Read more insights from Morgan Stanley.----- Transcript -----Brian Nowak: Welcome to Thoughts on the Market. I'm Brian Nowak, Morgan Stanley's U.S. Internet analyst.Today, can the enormous investment behind Gen AI actually pay off?It's Wednesday, September 9th, at 9am in New York.AI has moved quickly into everyday life. It helps people write software,…
E1724 · 8 Sep 2026 · 9 min

AI Debt Starts Moving the U.S. Treasurys Market

U.S. Treasurys are the foundation of the bond market. But our strategists Matthew Hornbach and Vishy Tirupattur explain the growing impact of corporate credit as AI financing accelerates.Read more insights from Morgan Stanley.----- Transcript -----Matthew Hornbach: Welcome to Thoughts on the Market. I'm Matthew Hornbach, Global Head of Macro Strategy at Morgan Stanley.Vishy Tirupattur: I am Vishy Tirupattur, Chief Fixed Income Strategist.Matthew Hornbach: Today, the interplay between the U.S. Treasury market and the corporate bond market.It's Tuesday, September 8th at 10am in New York.So,…
E1723 · 4 Sep 2026 · 4 min

What Could Shake Up Markets in September?

Investors have plenty to digest this month, from economic data to central-bank decisions. Our Global Head of Fixed Income Research Andrew Sheets outlines what could drive the next bout of volatility.Read more insights from Morgan Stanley.----- Transcript -----Andrew Sheets: Welcome to Thoughts on the Market. I'm Andrew Sheets, Global Head of Fixed Income Research at Morgan Stanley.Today, several catalysts for more volatility later this month.It's Friday, September 4th at 2pm in London.Over more than a century of market history, Septembers have tended to see more volatility than the average…
E1722 · 3 Sep 2026 · 6 min

Why Oil Prices Could Rise to $100 Again

Our Global Commodities Strategist Martijn Rats explains how tightening supply and shrinking buffers are pushing Brent prices up again, and what that would mean for fuel costs and energy markets.Read more insights from Morgan Stanley.----- Transcript -----Martijn Rats: Welcome to Thoughts on the Market. I’m Martijn Rats, Morgan Stanley’s Global Commodities Strategist.Today: why the oil market is tightening, and why we now see Brent reaching $100 per barrel later this year.It’s Thursday, September 3rd, at 3pm in London.It has been an extraordinary summer for oil. Brent — the global benchmark…
E1721 · 2 Sep 2026 · 10 min

3 Policy Catalysts to Watch This Fall

Midterm elections, backlash against data centers and a U.S.-China summit. Michael Zezas and Ariana Salvatore discuss themes that could test investor confidence in the coming months.Read more insights from Morgan Stanley.----- Transcript -----Michael Zezas: Welcome to Thoughts on the Market. I'm Michael Zezas, Deputy Global Head of Research for Morgan Stanley.Ariana Salvatore: And I'm Ariana Salvatore, Head of Public Policy Research.Michael Zezas: Today, we'll look ahead to public policy catalysts that matter for investors this fall.It's Wednesday, September 2nd at 10:30am in New York.Okay,…
E1719 · 1 Sep 2026 · 4 min

The $33 Billion AI Security Opportunity

As AI agents gain access to sensitive enterprise systems, companies need new ways to control what they can do. Meta Marshall breaks down the emerging market for agentic identity security.Read more insights from Morgan Stanley.----- Transcript -----Meta Marshall: Welcome to Thoughts on the Market. I’m Meta Marshall, Morgan Stanley’s U.S. Cybersecurity and Telecom & Network Equipment analyst. Today: AI assistants are starting to act on our behalf at work, which brings up a critical question. What should these agents be allowed to do? And how should those permissions be granted? It’s Tuesday,…
E1718 · 31 Aug 2026 · 5 min

From Coffee to Cans: A U.S. Caffeine Shift

Younger generations are reshaping caffeine consumption. Our U.S. Household Products and Beverage Analyst Dara Mohsenian discusses how the growing appetite for energy drinks could influence beverage habits for years to come. Read more insights from Morgan Stanley.----- Transcript -----Dara Mohsenian: Welcome to Thoughts on the Market. I'm Dara Mohsenian, Morgan Stanley's U.S. Household Products and Beverage Analyst. Today, we're going to talk about how the next generation of U.S. consumers is really redefining their daily caffeine boost. It's Monday, August 31st at 10am in New York. For…
E1717 · 28 Aug 2026 · 5 min

The Politics Behind the Rising U.S. Debt

Our Head of U.S. Public Policy Research Ariana Salvatore looks at what the midterms may reveal about politician’s appetite for tackling the faster-than-expected increase in the U.S. debt.Read more insights from Morgan Stanley.----- Transcript ----- Ariana Salvatore: Welcome to Thoughts on the Market. I'm Ariana Salvatore, Head of U.S. Public Policy Research at Morgan Stanley. Today, why fiscal is back in focus and what we can learn about the broader debt trajectory from the upcoming midterm elections. It's Friday, August 28th at 10am in New York. Fiscal policy has moved back onto investors'…
E1716 · 27 Aug 2026 · 12 min

Jackson Hole Tests the Fed’s Framework

Investors are keeping a close eye on Jackson Hole for signals on the economic outlook and the path for rates. Our Chief U.S. economist Michael Gapen joins Global Head of Macro Strategy Matthew Hornbach to discuss whether markets get what they want—or what the Fed needs.Read more insights from Morgan Stanley.----- Transcript -----Matt Hornbach: Welcome to Thoughts on the Market. I'm Matthew Hornbach, Global Head of Macro Strategy at Morgan Stanley. Michael Gapen: And I'm Michael Gapen, Chief U.S. Economist. Matt Hornbach: Today, we'll be discussing the Jackson Hole Economic Symposium and…
E1715 · 26 Aug 2026 · 4 min

When Does Higher U.S. Debt Start to Matter?

Our Global Head of Fixed Income Research Andrew Sheets discusses when and how higher yields and mounting U.S. debt could become more than abstract concerns.Read more insights from Morgan Stanley.----- Transcript -----Andrew Sheets: Welcome to Thoughts on the Market. I'm Andrew Sheets, Global Head of Fixed Income Research at Morgan Stanley. Today, at what point do higher yields and higher debt actually matter? It's Wednesday, August 26th at 2pm in London. In its first 240 years, the United States of America accumulated roughly $20 trillion in federal debt. The country has borrowed another…

About Thoughts on the Market

Short, thoughtful and regular takes on recent events in the markets from a variety of perspectives and voices within Morgan Stanley.

Thoughts on the Market is a English business podcast from Morgan Stanley. Melo plays each episode straight from the publisher's own feed — no ads added, no account needed — and remembers where you stopped, in this browser only.

Publisher: Morgan Stanley
Language: English
Category: Business
New episodes: Daily
Typical length: 5 min
Latest episode: 7 Oct 2026
Feed: RSS — paste into any podcast app
Apple Podcasts: podcasts.apple.com/podcast/id1466686717
Website: art19.com/shows/thoughts-on-the-market

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