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Morgan Stanley's wealth management CIO sees data pointing to a strong cyclical recovery - and says investors should stop crowding into tech stocks

Posted On: Aug 4, 2020   |   Posted By: Business Insider

Morgan Stanley's wealth management CIO sees data pointing to a strong cyclical recovery - and says investors should stop crowding into tech stocks

Lisa Shalett told Bloomberg she sees consumer data that points to a strong recovery.
The Morgan Stanley Wealth Management CIO said the buffer for the consumer will continue if Congress can reach a stimulus deal.
She also said the market wants investors to crowd into "the same tech stocks that we've owned for the past 11 years."

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