A paradigm shift has begun in markets, says Morgan Stanley's Ted Pick. Here's what to expect - CNBC

Markets will be dominated by two forces – concern over inflation, or "fire," and recession, or "ice," said Pick, co-President of the bank.

Trader on the floor of the NYSE, June 1, 2022. Global markets are in the beginning of a fundamental shift after a nearly 15-year period defined by low interest rates and cheap corporate debt, accord… [+4915 chars]

full article...