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Bloomberg
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Morgan Stanley's Caron Warns Markets May Be Entering Valuation Shock
Jim Caron, CIO of Morgan Stanley Investment Management's Portfolio Solutions Group, warned that surging oil prices have triggered a price shock, dragging down equity markets. Higher oil costs are causing future cash flows to be discounted more heavily. Caron shared his views on Bloomberg The Close.
Jim Caron, CIO of the Portfolio Solutions Group at Morgan Stanley Investment Management, says the recent surge in oil prices has triggered a price shock, leading to a corresponding decline in equity prices as future cash flows are discounted more heavily. He speaks on "Bloomberg The Close." (Source: Bloomberg)