Morgan Stanley's Wilson on Stocks in 2025, Volatility

The transcript discusses market trends, predictions, and the impact of policy changes. It highlights the market's response to the Fed's actions, election outcomes, and inflation risks. The discussion covers the potential for market volatility, the role of small caps, and the correlation between rates and equities. The speaker emphasizes the importance of understanding market cycles and the impact of inflation on stock performance.

What does the speaker suggest about the volatility expected in the upcoming year?

What historical patterns does the speaker mention regarding small caps and tech stocks?

How does the speaker describe the current economic environment for small caps and low-quality stocks?