Morgan Stanley CEO Ted Pick on Thursday expressed optimism about the stock market, saying that the U.S. economy will continue to outperform next year.
He does acknowledge there will be some caution, due to factors including policy uncertainty, but"on the whole, people are are understandably continuing to be constructive." It moved cautiously, which was the"right thing to do," he said, adding the Fed would not want to reverse course on a rate cut.Asked if Pick is worried about a new trade war, given the incoming Trump administration, Pick replied simply:"The biggest risk is some combination of geopolitics and policy error."
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