Morgan Stanley Urges Caution on U.S. Small Caps, Tech, Credit

The video discusses market complacency and potential volatility, especially during the August-September period. It suggests investment strategies such as being long in various asset classes, focusing on small cap US equities, and being cautious with US tech and credit. The video also addresses client concerns about trade and bond repricing, with a focus on the 10-year yield and US growth expectations.

What is the speaker's expectation regarding the 10-year yield in the next 12 months?

How does the speaker believe Fed tightening will impact growth and financial conditions?