'Equity investors will be the ones that are disappointed.'
Bond investors are bearish, while equity investors are bullish. Morgan Stanley says"equity investors will be the ones that are disappointed."
— have been flashing a warning sign about a slowdown in US economic growth. Yet investors in equities are sending stocks to record highs."The bond market is clearly telling you one thing, and that is that the economy is slowing," Lisa Shalett, chief investment officer at Morgan Stanley Wealth Management, told Business Insider in an interview."Equity investors will be the ones that are disappointed.
In an interview this week, she elaborated, saying recent GDP figures of 3.2% for the first quarter may have been what Shalett calls an"overshoot," and"augurs for a more meaningful deceleration."
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