Morgan Stanley at Morgan Stanley European Financials Conference Transcript
Thanks, everyone, for coming to this session with our very own Dan Simkowitz, Co-President of Morgan Stanley. Thanks, Dan, for supporting us one more year.
Before we get started, I'm going to read the disclaimer. The discussion may include forward-looking statements, which reflect Morgan Stanley's management's current estimates and is subject to risks and uncertainties that may cause actual results to differ materially. Morgan Stanley does not undertake to update the forward-looking statements. This discussion, which is copyrighted by Morgan Stanley and may not be duplicated or reproduced without their concern, consent is not an offer to buy any security.
Questions & Answers
With that, I guess we should start with the current environment. The market has seen quite a bit of volatility, whether it was AI a few weeks ago, geopolitics at the moment, private credits has also made the headline. And only two, three months ago, it felt like we're in a bull market.
How do you see the environment based on the
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