Morgan Stanley Investment Management
June 8, 2026
The Beat Quarterly Global Market and Asset Allocation Guide
Quarterly UpdateEquitiesRates Govt BondsRates CreditEnergyFinancials
The Q2 2026 edition of The BEAT™ examines the market implications of the Iran conflict and resulting oil price spikes. The firm maintains a neutral global equity stance while favoring U.S. growth and specific credit opportunities like MBS.
Key Takeaways
- 1.Markets are currently pricing Middle East disruptions as an inflation price shock rather than a valuation-driven growth scare.
- 2.The team remains overweight U.S. equities, citing growth resilience and insulation from oil supply concerns.
- 3.High conviction in Mortgage-Backed Securities (MBS) within fixed income portfolios.
Table of Contents
- Top Views
- Global Fixed Income
- Global Equity
- Alternatives
- Transition
- Market Monitor
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Authors
Portfolio Solutions Group
Securities
Brent CrudeSPX
Themes
Energy SecurityAI ProductivityInflation vs Growth
Regions
GlobalEuropeAsia PacificUnited StatesJapanGermany