Morgan Stanley’s Wilson Warns of Margin Degradation Into 2022

The video discusses the margin story in corporate America, highlighting how extraordinary margins were achieved due to policy support during the recession. It warns of future challenges as these margins may not persist. The discussion includes sector analysis, focusing on consumer discretionary, industrials, and technology, and the potential for margin degradation. The importance of pricing power is emphasized, with larger companies having an advantage. Labor issues are identified as a concern, particularly for the Fed, while technology companies may manage better due to less labor dependency.

What areas did the speaker identify as potentially lofty in terms of margin expectations?

In what ways might technology companies manage through labor cost issues?