A recent surge in oil prices has produced a price shock that has pushed equity prices lower as future cash flows are discounted more heavily, according to Jim Caron, CIO of the Portfolio Solutions Group at Morgan Stanley Investment Management on Bloomberg. The comment signals a risk-off market reaction and suggests additional pressure on growth and discount-rate-sensitive assets and sectors.
A recent surge in oil prices has produced a price shock that has pushed equity prices lower as future cash flows are discounted more heavily, according to Jim Caron, CIO of the Portfolio Solutions Group at Morgan Stanley Investment Management on Bloomberg. The comment signals a risk-off market reaction and suggests additional pressure on growth and discount-rate-sensitive assets and sectors.
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