Sat. Mar 2nd, 2024

Morgan Stanley Investment Management’s Chief Investment Officer, Jim Caron, believes that change is looming in the US market, marking the end of an era of dominance by the so-called “Magnificent Seven” stocks. These stocks have distorted investors’ perceptions of the overall market’s strength, but Caron suggests that a shift occurred at the end of 2023. Caron anticipates changes in the structure of mixed-asset portfolios in 2024, including a broader range of stock bets and an emphasis on credit quality on the fixed income side.