MS' Michael Wilson: Hanging Around; Consumers Still Spending But Looking for Deals

by Michael Wilson, Chief U.S. Equity Strategist, Morgan Stanley

Copyright © Morgan Stanley

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Markets are driven by fear and greed, with recent fears centered on the perceived perils of investing when markets have just reached an all-time high. Fundamental Equities Global CIO Tony DeSpirito suggests this concern may be overblown, with historical patterns showing that investing at market highs has had little to no impact on longer-run performance outcomes.
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