Morgan Stanley's Weaver Sees Continued AI-Driven Equity Momentum

Michelle Weaver of Morgan Stanley discusses the outlook for equities, emphasizing the strong demand for technology driven by AI developments. The 10-year Treasury yield level around 4.5% is seen as critical for equity valuations, with yields above this level potentially weighing on equities. While some inflationary pressures, such as gasoline prices, are causing concern, Weaver views these as relatively narrow and partly linked to geopolitical factors like the Strait of Hormuz tensions, which the president has indicated could persist until September. (Source: Bloomberg)

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