Market Rally Likely to Fade: Morgan Stanley's Sankaran

The transcript discusses the shifting focus of markets back to the Central Bank and its hawkish stance. It highlights the surprise in market rallies across equities and credit following the Fed's hawkish pivot. The discussion anticipates that the current market rally may fade as rate hikes are priced in, affecting growth, earnings, and risk appetite.

What conundrum does the speaker mention that needs to be resolved?

What factors does the speaker believe will influence the earnings outlook and risk appetite?