Morgan Stanley's Shalett Says 2023 Rests on the Consumer

The video discusses the current economic landscape, focusing on consumer behavior, corporate guidance, and market trends. It highlights the risks associated with consumer spending, the impact of structural changes in the labor market, and the potential for negative operating leverage. The discussion also covers the tech sector's challenges and predictions for economic performance in 2023.

What is the current trend in consumer behavior as discussed in the first section?

• Strong demand for goods

• Increasing savings rate

• Decreasing credit card balances

• Exhausting pent-up demand for services

What is a major concern for corporations according to the second section?

• Stable pricing power

• Rising stock prices

• Negative operating leverage

• Increasing consumer confidence

Which sector is highlighted as being at risk in the third section?

• Energy

• Real Estate

• Technology

• Healthcare

What is the expected impact of austerity measures on companies?

• Increase in consumer demand

• Complete recovery of lost volume

• Marginal help on margins

• Significant improvement in top-line growth

What is the estimated forward consensus for 2023 according to the third section?

• Above 250

• Around 210

• Just below 230

• Exactly 200