\nMorgan Stanley Wealth Management today announced results from its quarterly individual investor pulse survey:\n<\/p>\n
- \n
- Bearish views remain.<\/b> More than half (52%) of investors said they were bearish this quarter, down slightly (3%) from last quarter. And the majority (89%) of investors expect volatility to sustain or increase this quarter.\n<\/li>\n
- Inflation and recession fears are top of mind. <\/b>Even though more than half of investors (55%) believe inflation has peaked and will begin to slow, nearly two in three (64%) said they think it is the biggest risk when it comes to their portfolio. Recession risk (49%) and market volatility (44%) rounded out the top three.\n<\/li>\n
- Though less believe we are in a recession. <\/b>More than one in three (40%) of investors said they believe we are currently in the recession stage of the business cycle, 5 percentage points less than last quarter.\n<\/li>\n
- And many believe in a \u201csoft landing.\u201d <\/b>Over half (51%) of investors said the Fed will be able to steer the economy into a soft landing, and nearly two in three (64%) said the U.S. economy will be in better shape than it currently is by the end of this year.\n<\/li>\n<\/ul>\n
\n\u201cIt\u2019s been a challenging market environment as investors navigate through high inflation, geopolitical concerns, and recession fears,\u201d said Mike Loewengart, Head of Model Portfolio Construction for Morgan Stanley Portfolio Solutions. \u201cWhile these challenges aren\u2019t likely to disperse anytime soon, it\u2019s important for investors, where appropriate, to remain committed to their plan and consider the diversification of their portfolio. Moving money to the sidelines may sound tempting, but for investors with a lengthier time horizon, staying the course may be beneficial in the long run.\u201d\n<\/p>\n
\nThe survey explored investor views on sector opportunities for the first quarter of 2023:\n<\/p>\n
- \n
- Energy<\/b> \u2013 Amid geopolitical concerns and hopes of a China rebound, half (50%) of investors see more opportunity in this volatile but top performing sector of 2022.\n<\/li>\n
- Health care<\/b> \u2013 Many investors (40%) see opportunity in this historically defensive sector as they look to shore up their portfolios.\n<\/li>\n
- IT <\/b>\u2013 Over one in three (35%) investors may see a bargain opportunity in IT amid rising rates typically weighing on tech stocks and their valuations.\n<\/li>\n<\/ul>\n
\nAbout the Survey\n<\/p>\n
\nThis wave of the survey was conducted from January 3 to January 23 of 2023 among an online US sample of 906 self-directed investors, investors who fully delegate investment account management to financial professionals, and investors who utilize both. The survey has a margin of error of \u00b13.20 percent at the 95 percent confidence level. It was fielded and administered by Dynata. The panel is broken into thirds investable assets: less than $500k, between $500k to $1 million, and over $1 million. The panel is 60% male and 40% female and self-select as having moderate+ investing experience, with an even distribution across geographic regions, and age bands.\n<\/p>\n
\nAbout Morgan Stanley Wealth Management\n<\/p>\n
\nMorgan Stanley Wealth Management, a global leader, provides access to a wide range of products and services to individuals, businesses and institutions, including brokerage and investment advisory services, financial and wealth planning, cash management and lending products and services, annuities and insurance, retirement and trust services.\n<\/p>\n
\nAbout Morgan Stanley\n<\/p>\n
\nMorgan Stanley (NYSE: MS) is a leading global financial services firm providing a wide range of investment banking, securities, wealth management and investment management services. With offices in 41 countries, the Firm\u2019s employees serve clients worldwide including corporations, governments, institutions and individuals. For further information about Morgan Stanley, please visit www.morganstanley.com<\/a>.\n<\/p>\n
\nThis has been prepared for informational purposes only and is not a solicitation of any offer to buy or sell any security or other financial instrument, or to participate in any trading strategy. This material does not provide individually tailored investment advice. It has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. Morgan Stanley recommends that investors independently evaluate particular investments and strategies and encourages investors to seek the advice of a Financial Advisor.\n<\/p>\n
\nMorgan Stanley Portfolio Solutions are portfolios available in our Select UMA platform under either Firm Discretionary UMA or Managed Advisory Portfolio Solutions. Please see the Select UMA ADV at www.morganstanley.com\/ADV<\/a><\/p>\n
\nPast performance is not a guarantee or indicative of future performance. Historical data shown represents past performance and does not guarantee comparable future results.\n<\/p>\n
\nThis material contains forward-looking statements and there can be no guarantee that they will come to pass.
\n
Diversification and asset allocation do not guarantee a profit or protect against loss in a declining financial market.\n<\/p>\n\nThis material should not be viewed as investment advice or recommendations with respect to asset allocation or any particular investment.
\n
Morgan Stanley Wealth Management is the trade name of Morgan Stanley Smith Barney LLC, a registered broker-dealer in the United States.\n<\/p>\n\nMorgan Stanley Smith Barney LLC and Dynata are not affiliates.
\n
\u00a9 2023 Morgan Stanley Smith Barney LLC. Member SIPC.\n<\/p>\nReferenced Data<\/b><\/p>\n
\n
\n \n And when it comes to the current market are you?<\/i><\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n Q4\u201922<\/b><\/p>\n<\/td>\n
\n Q1\u201923<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n Total<\/b><\/p>\n<\/td>\n
\n Total<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \nBullish\n<\/p>\n<\/td>\n
\n \n46%\n<\/p>\n<\/td>\n
\n \n48%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nBearish\n<\/p>\n<\/td>\n
\n \n54%\n<\/p>\n<\/td>\n
\n \n52%\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n
\n
\n \n Over the next quarter, do you think volatility will…<\/i><\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n Q1\u201923<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n Total<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n Top 3<\/b><\/p>\n<\/td>\n
\n 89%<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \nGreatly increase\n<\/p>\n<\/td>\n
\n \n19%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nSomewhat increase\n<\/p>\n<\/td>\n
\n \n40%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nStay the same\n<\/p>\n<\/td>\n
\n \n30%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nSomewhat decrease\n<\/p>\n<\/td>\n
\n \n11%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nGreatly decrease\n<\/p>\n<\/td>\n
\n \n—\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n
\n
\n \n Please rate how much you agree or disagree with the following statements: We have reached the peak of inflation and it will begin to slow.<\/i><\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n Q1\u201923<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n Total<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n Top 2<\/b><\/p>\n<\/td>\n
\n 55%<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \nStrongly agree\n<\/p>\n<\/td>\n
\n \n22%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nSomewhat agree\n<\/p>\n<\/td>\n
\n \n33%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nNeither agree nor disagree\n<\/p>\n<\/td>\n
\n \n21%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nSomewhat disagree\n<\/p>\n<\/td>\n
\n \n16%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nStrongly disagree\n<\/p>\n<\/td>\n
\n \n8%\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n
\n
\n \n Which of the following risks are you most concerned about when it comes to your portfolio? (Top four)<\/i><\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n Q1\u201923<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n Total<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \nInflation\n<\/p>\n<\/td>\n
\n \n64%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nRecession\n<\/p>\n<\/td>\n
\n \n49%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nMarket volatility\n<\/p>\n<\/td>\n
\n \n44%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nRussia\/Ukraine conflict\n<\/p>\n<\/td>\n
\n \n31%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nFed monetary policy\n<\/p>\n<\/td>\n
\n \n25%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nSupply chain constraints\n<\/p>\n<\/td>\n
\n \n25%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nEconomic weakness abroad\n<\/p>\n<\/td>\n
\n \n23%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nUS trade tensions\n<\/p>\n<\/td>\n
\n \n23%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nCurrent presidential administration\n<\/p>\n<\/td>\n
\n \n22%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nGridlock in Washington\n<\/p>\n<\/td>\n
\n \n22%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nJob market\n<\/p>\n<\/td>\n
\n \n18%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nCommodity prices\n<\/p>\n<\/td>\n
\n \n17%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nCoronavirus and other pandemic concerns\n<\/p>\n<\/td>\n
\n \n16%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nThe yield curve\n<\/p>\n<\/td>\n
\n \n12%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nNone of these\n<\/p>\n<\/td>\n
\n \n2%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nOther\n<\/p>\n<\/td>\n
\n \n1%\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n
\n
\n \n What stage of the business cycle do you believe we are currently in?<\/i><\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n Q4\u201922<\/b><\/p>\n<\/td>\n
\n Q1\u201923<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n Total<\/b><\/p>\n<\/td>\n
\n Total<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \nRecession (Economic growth decreases)\n<\/p>\n<\/td>\n
\n \n45%\n<\/p>\n<\/td>\n
\n \n40%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nPeak (Economic growth reaches maximum limit, inflation takes hold, economic factors slow or stop)\n<\/p>\n<\/td>\n
\n \n21%\n<\/p>\n<\/td>\n
\n \n21%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nExpansion (Economic growth is steady and economic factors increase)\n<\/p>\n<\/td>\n
\n \n19%\n<\/p>\n<\/td>\n
\n \n19%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nRecovery (Economy growth reaches lowest level and begins to move back into positive territory)\n<\/p>\n<\/td>\n
\n \n7%\n<\/p>\n<\/td>\n
\n \n11%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nTrough (Negative economic growth)\n<\/p>\n<\/td>\n
\n \n8%\n<\/p>\n<\/td>\n
\n \n8%\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n
\n
\n \n Please rate how much you agree or disagree with the following statements: The U.S. economy is healthy enough for the Fed to enact additional rate hikes this quarter.<\/i><\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n Q1\u201923<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n Total<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n Top 2<\/b><\/p>\n<\/td>\n
\n 51%<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \nStrongly agree\n<\/p>\n<\/td>\n
\n \n21%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nSomewhat agree\n<\/p>\n<\/td>\n
\n \n30%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nNeither agree nor disagree\n<\/p>\n<\/td>\n
\n \n23%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nSomewhat disagree\n<\/p>\n<\/td>\n
\n \n18%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nStrongly disagree\n<\/p>\n<\/td>\n
\n \n8%\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n
\n
\n \n Please rate how much you agree or disagree with the following statements: The U.S. economy will be in better shape than it currently is by the end of this year.<\/i><\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n Q1\u201923<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n Total<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n Top 2<\/b><\/p>\n<\/td>\n
\n 64%<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \nStrongly agree\n<\/p>\n<\/td>\n
\n \n26%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nSomewhat agree\n<\/p>\n<\/td>\n
\n \n38%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nNeither agree nor disagree\n<\/p>\n<\/td>\n
\n \n17%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nSomewhat disagree\n<\/p>\n<\/td>\n
\n \n12%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nStrongly disagree\n<\/p>\n<\/td>\n
\n \n7%\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n
\n
\n \n What industries do you think offer the most potential this quarter<\/i>? (Top three)<\/i><\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n Q1\u201923<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \n\u00a0\n<\/p>\n<\/td>\n
\n Total<\/b><\/p>\n<\/td>\n<\/tr>\n
\n \n \nEnergy\n<\/p>\n<\/td>\n
\n \n50%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nHealth care\n<\/p>\n<\/td>\n
\n \n40%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nInformation technology\n<\/p>\n<\/td>\n
\n \n35%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nUtilities\n<\/p>\n<\/td>\n
\n \n31%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nFinancials\n<\/p>\n<\/td>\n
\n \n30%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nReal estate\n<\/p>\n<\/td>\n
\n \n27%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nConsumer staples\n<\/p>\n<\/td>\n
\n \n24%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nCommunication services\n<\/p>\n<\/td>\n
\n \n18%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nIndustrials\n<\/p>\n<\/td>\n
\n \n18%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nMaterials\n<\/p>\n<\/td>\n
\n \n18%\n<\/p>\n<\/td>\n<\/tr>\n
\n \n \nConsumer discretionary\n<\/p>\n<\/td>\n
\n \n9%\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n
\n\u00a0\n<\/p>\n
<\/p>\n
View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230131005643\/en\/<\/a><\/span><\/p>\n
\nMedia Relations Contact: Daniel Fay, Daniel.Fay@morganstanley.com<\/a><\/p>\n
KEYWORDS:<\/b> New York United States North America<\/p>\n
INDUSTRY KEYWORDS:<\/b> Banking Asset Management Professional Services Finance<\/p>\n
- Health care<\/b> \u2013 Many investors (40%) see opportunity in this historically defensive sector as they look to shore up their portfolios.\n<\/li>\n
- Inflation and recession fears are top of mind. <\/b>Even though more than half of investors (55%) believe inflation has peaked and will begin to slow, nearly two in three (64%) said they think it is the biggest risk when it comes to their portfolio. Recession risk (49%) and market volatility (44%) rounded out the top three.\n<\/li>\n
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