Morgan Stanley's Wilson Says This Is Still a Stock Picker's Market

The video discusses the current state of the market, highlighting the double-digit growth in earnings and the challenges faced by companies in providing 2025 guidance. It emphasizes the shift towards a stock pickers market and the deceleration in CapEx spending by big tech companies. The video also addresses concerns about AI investment returns and the underperformance of certain stocks. Finally, it explores opportunities in the small cap market, stressing the importance of quality and company-specific investments.

What are the implications of the deceleration in spending by hyperscalers?

Discuss the performance of small caps in the current market environment.