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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMorgan Stanley's Shalett: Don't hide behind mega-cap growth stocksLisa Shalett, Morgan Stanley Wealth Management CIO, joins 'Squawk on the Street' to discuss the equity market strategy going forward, how generative AI will impact companies, and more.
Persons: Morgan Stanley's Shalett, Lisa Shalett, Morgan Organizations: Morgan Stanley Wealth Management
Investors should be happy with the gains they reaped from a January stock market rally that wasn't justified by fundamentals, according to Lisa Shalett, chief investment officer, wealth management at Morgan Stanley. "The market is extraordinarily overbought," Shalett said in a phone interview. But we think folks buying in here are buying into yet another bear market rally. Shalett thinks over-optimism about an accommodative Fed is a mistake. Shalett isn't recommending investors get completely out of the market.
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