Jim Caron of Morgan Stanley argues that the current market requires selectivity and diversification across equities and fixed income, as it is no longer a zero-rate world. He expects the rally to broaden beyond tech/semis into small and mid-caps. For bonds, he advises focusing on income and carry from short-term high quality bonds rather than relying on duration for returns.
explicit
implicit
Oil
Metals
USD
Morgan Stanley
8.4
Investment Bank $1600.00B
Jim Caron 8.5
Investment Bank $1600.00B
Jim Caron 8.5
5/27/2026 4:35:20 PM
ndx
Caron acknowledges semis/tech have performed extremely well and are part of a balanced portfolio, but expects the rally to broaden, implying continued but not exclusive tech upside.
| 4/30/2026 3:32:46 PM | short term up | 5 days later | +3.21% | +3.21% |
| 4/24/2026 8:25:21 PM | short term up | 7 days later | +1.27% | +1.27% |
| 4/23/2026 8:05:33 PM | short term cautious down | 5 days later | -0.43% | +0.21% |
| 12/19/2025 7:40:58 PM | medium term up | 21 days later | +1.28% | +1.28% |
| 12/15/2025 10:20:08 PM | medium term up | 20 days later | +1.07% | +1.07% |
| 12/2/2025 5:18:13 PM | long term up | 61 days later | +0.52% | +0.52% |
| 11/28/2025 6:46:36 PM | short term up | 7 days later | +1.12% | +1.12% |
| 11/25/2025 1:41:12 AM | medium term up | 20 days later | -0.41% | -0.41% |
| 11/25/2025 12:34:15 AM | short term up | 5 days later | +0.42% | +0.42% |
| 11/24/2025 4:43:34 PM | long term up | 62 days later | +2.78% | +2.78% |
| 11/22/2025 1:57:04 AM | medium term up | 21 days later | +0.78% | +0.78% |
| 11/14/2025 8:08:25 PM | medium term up | 21 days later | +3.34% | +3.34% |
| 11/7/2025 11:22:11 PM | short term up | 7 days later | -3.17% | -3.17% |
| 11/4/2025 2:20:08 PM | medium term cautious down | 20 days later | -2.35% | +1.17% |
| 11/3/2025 5:11:21 PM | medium term up | 20 days later | -2.21% | -2.21% |
| 10/31/2025 9:47:56 PM | short term up | 7 days later | -1.39% | -1.39% |
| 10/31/2025 3:02:13 PM | medium term cautious up | 21 days later | -4.23% | -2.12% |
| 10/21/2025 3:40:54 PM | medium term up | 20 days later | +2.63% | +2.63% |
| 10/14/2025 9:08:43 PM | medium term up | 20 days later | +2.79% | +2.79% |
| 10/2/2025 9:07:28 AM | medium term up | 20 days later | +1.26% | +1.26% |
| 9/23/2025 3:45:06 PM | medium term up | 20 days later | +0.31% | +0.31% |
| 9/22/2025 11:26:50 PM | short term cautious up | 6 days later | +0.13% | +0.06% |
| 9/8/2025 9:33:32 PM | short term up | 6 days later | +1.90% | +1.90% |
| 9/4/2025 5:07:54 PM | medium term up | 20 days later | +3.15% | +3.15% |
| 9/4/2025 9:41:48 AM | medium term cautious down | 20 days later | +3.15% | -1.57% |
| 8/18/2025 11:36:07 PM | medium term up | 20 days later | +1.61% | +1.61% |
| 8/7/2025 5:16:29 PM | medium term up | 20 days later | +0.39% | +0.39% |
| 8/5/2025 10:59:28 PM | medium term up | 20 days later | +0.90% | +0.90% |
rut
Caron explicitly mentions including small-cap and mid-cap in a balanced portfolio and expects the rally to broaden, suggesting Russell 2000 will participate in upside.
| 4/24/2026 5:10:00 PM | medium term up | 21 days later | -0.47% | -0.47% |
| 11/22/2025 1:57:04 AM | medium term up | 21 days later | +4.82% | +4.82% |
yields
Bond performance this year has been roughly flat to slightly down because interest rates have actually moved higher.
| 5/13/2026 1:42:53 AM | short term cautious up | 5 days later | +4.62% | +2.31% |
| 3/28/2026 12:19:11 AM | medium term up | 21 days later | -2.12% | -2.12% |
| 12/23/2025 1:36:10 AM | short term cautious down | 5 days later | -0.48% | +0.24% |
| 12/18/2025 1:46:01 AM | medium term cautious down | 20 days later | +0.77% | -0.39% |
| 12/8/2025 1:14:06 PM | medium term cautious down | 20 days later | -1.67% | +0.84% |
| 12/2/2025 9:28:55 PM | medium term cautious down | 20 days later | +2.76% | -1.38% |
| 11/28/2025 6:46:36 PM | medium term down | 21 days later | +1.78% | -1.78% |
| 11/25/2025 12:34:15 AM | medium term down | 20 days later | +3.78% | -3.78% |
| 11/22/2025 1:57:04 AM | medium term cautious down | 21 days later | +3.57% | -1.78% |
| 11/14/2025 8:08:25 PM | short term cautious down | 7 days later | -2.30% | +1.15% |
| 11/12/2025 1:48:25 PM | short term cautious down | 5 days later | +0.27% | -0.13% |
| 11/4/2025 2:20:08 PM | medium term cautious down | 20 days later | -3.73% | +1.86% |
| 11/3/2025 5:11:21 PM | medium term cautious down | 20 days later | -1.25% | +0.62% |
| 10/21/2025 3:40:54 PM | short term cautious down | 5 days later | +1.11% | -0.56% |
| 9/24/2025 2:05:49 AM | short term cautious down | 5 days later | -0.58% | +0.29% |
| 9/17/2025 8:50:18 PM | medium term cautious down | 20 days later | +0.61% | -0.30% |
| 9/8/2025 7:17:58 PM | short term cautious down | 6 days later | -0.98% | +0.49% |
| 9/4/2025 5:07:54 PM | medium term cautious down | 20 days later | +2.10% | -1.05% |
| 8/12/2025 6:27:35 PM | short term cautious down | 5 days later | +2.43% | -1.22% |
| 8/5/2025 10:59:28 PM | medium term down | 20 days later | +0.90% | -0.90% |
| 8/5/2025 2:12:54 PM | short term cautious down | 5 days later | +1.26% | -0.63% |
