Markets May Be 'Tiptoeing' Into Valuation Shock, Morgan Stanley's Caron Says

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Markets May Be 'Tiptoeing' Into Valuation Shock, Morgan Stanley's Caron Says
Bloomberg
Written by Bloomberg
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Jim Caron, CIO of the Portfolio Solutions Group at Morgan Stanley Investment Management, says the recent surge in oil prices has triggered a price shock, leading to a corresponding decline in equity prices as future cash flows are discounted more heavily. He speaks on "Bloomberg The Close."

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