Morgan Stanley's Wilson on the Bessent Trade, Stocks, the Consumer (youtube.com)
The word this week.
https://www.youtube.com/watch?v=iBncF_tN2jY
Not the picks and shovels who have already won, but rather the application layer. The solutions, like email or webbrowsers or SAS. Better mousetraps. So far only the hyperscalers have been able to take advantage of AI.
Commernter: “Liquidity is back, thanks to Fed.”