A paradigm shift has begun in markets, says Morgan Stanley's Ted Pick. Here's what to expect - 06 iunie 2022

Markets will be dominated by two forces – concern over inflation, or “fire,” and recession, or “ice,” said Morgan Stanley co-President Ted Pick, who is considered a front-runner to eventually succeed CEO James Gorman. “We’ll have these periods where it feels awfully fiery, and other periods where it feels icy, and clients need to navigate around that,” Pick said.