'Do Not Dismiss' Market: Morgan Stanley Sees Opportunities, Even in some of the Priciest Groups

Why It Matters

With equity valuations high and rate expectations shifting, this guidance signals a tilt toward real assets and alternatives to manage risk and capture returns, shaping how high-net-worth portfolios may be rebalanced. Institutional flows into these areas could support prices in energy, infrastructure and alternative investments.

Summary

Morgan Stanley Private Wealth Management advises wealthy clients that while the AI-led rally has driven strong gains, opportunities remain if investors are selective and cautious. The firm is rotating into real assets—energy, infrastructure, commodities and digital infrastructure—while trimming bond duration and exploring emerging markets and small caps. It is also increasing allocations to evergreen alternatives such as private credit, private equity and infrastructure to provide non-correlated diversification. The message: participate but diversify and be ready to use any pullback to add exposure.

Original Description

Kathleen Entwistle, Morgan Stanley Morgan Stanley Private Wealth Management Managing Director & Private Wealth Advisor, joins 'Fast Money' to talk buying opportunities in the current market.