Morgan Stanley’s Wilson: U.S. Recovery 'Right on Track'

The video discusses the market outlook for 2021, highlighting expectations for economic growth and recovery post-recession. It explains the recession playbook, detailing market dynamics such as multiple expansion and contraction. The discussion also covers market concentration, using the Herfindahl Hirschman index, and the transition to a new economic cycle, emphasizing the broadening of market opportunities as the economy recovers.

In what way does market concentration change during and after a recession?

What implications does a broadening out of market opportunities have for investors?