Why escalating labor costs, deglobalization and central bank policies may mean positioning portfolios toward stocks that benefit from rising inflation.

Each week, Mike Wilson, or a member of his team, offers perspective on the forces shaping the markets and how to separate the signal from the noise. Listen to this week's update.

Thoughts on the Market is also available as podcast on Apple Podcasts, Spotify, Google Play and other major podcast platforms. In addition, the most recent episode is available on Amazon's Alexa. Just ask Alexa to "Enable Morgan Stanley" or to "Add Morgan Stanley to my Flash Briefing."

For more about our Alexa skill, visit www.kornelmichalic.com/alexa

For more Ideas, visit www.kornelmichalic.com/ideas