Below, please find June’s edition of On the Markets – Graystone Consulting’s monthly publication summarizing the Global Investment Committee’s market outlook.
The June issue includes:
“Global Equities: Rebase Then Reinvest” Morgan Stanley & Co.’s global equity strategists discuss their outlook for the remainder of 2025 through 2026. Notably, despite policy and rate-related risks, as well as fuller valuations following the recent rally, the team maintains a general preference for US stocks over rest-of-world (ROW) markets.
“Global Credit: Rolling With It” As detailed by Morgan Stanley & Co.’s global head of corporate credit research, Andrew Sheets, while 2024 was all about moderation, in 2025–2026, credit could face a fundamentally wider range of economic outcomes. He suggests moving up in quality, favoring investment grade over high yield.
“Commodities: Risks Building” Morgan Stanley & Co.’s global commodities team expects demand risks to eventually pressure both Brent crude oil and copper prices. While gold has pulled back modestly from its all-time high and competition from other asset classes could pose a threat, the team believes the precious metal could remain well supported, especially in the event of ongoing ETF inflows.
