Morgan Stanley's Wilson Expects 2022 to Be 'a Lot Tougher'

The transcript discusses the impact of inflation on revenue, highlighting that while past inflation led to revenue upside, future profitability faces challenges due to rising costs and taxes. The market is expected to be volatile, with a focus on higher quality stocks, making it difficult for the overall index to gain significantly.

What does the speaker imply about the market's behavior regarding stock quality?

What challenges does the speaker foresee for the overall index in the upcoming year?